I first bought SDL at 13.5c and sold it in the low 80c and moved that money into my first investment property.
So I would hardly say it's a dog.
The management of that company definately have a hard task with raising the US$3.3billion they need to get the project moving, but it will happen one day.
The area in Africa where SDL are involved is equivalent to the Pilbara in terms of deposits and grade. All they need is rail and a port and then the world will have another iron ore region, and a new global supplier. RIO are already set up close by and are currently building an aluminum smelter.
Anyway, good to see $1.72 reached so far today.
Butchy.
IOH Price at posting:
$1.72 Sentiment: Buy Disclosure: Held