same old problem, page-11

G'day fellas, I bought this stock back in March admittedly having no knowledge at all (other than having read about Soros owning a stake. I figured if it's good enough for Soros, it's good enough for me).

The best case scenario for long term share holders seems to be that of the acceptance of one of the bids and get the project rolling. The SP will conceivably hit $4 even with the dilution. The current SP already factors SPH owning 25% of Guelb.

When the stock hit $4.2 in the last peak (albeit a frothy market then), the valuation however loose would have factored in either a JV, big sell-down, massive capital raising or neck-deep in debt.

Only time will tell.

Presumably you guys dabble in Sundance as well. SPH is more appealing to SDL in one respect in that infrastructure (railroad) exists.