re: Ann: MOU Entered with China Harbour Engin...
vpow and DanB,
There are plenty of LT holders out there including me. The main reason for this is the size of the resource and the calibre of the board/management. Over the years there has been plenty of comparisons done between SDL and FMG. The size of the SDL resource is larger and better quality but the political risk and the cost of infrastructure has been the reason it has languished. As boxes are ticked with getting this project built re-rating is inevitable. Are these MOU's designed to get the SP up for future deals with funding or takeover partners? Maybe, but if so, well played to management. The whole name of the game is to maximise shareholders position with whatever funding deal is completed. If the announcements are just part of the process for eventually bringing the project to fruition then so be it, but SP movements will occur to the upside each time we get closer to bringing the ore to port.
Waiting for dust to settle might be prudent, but if you were waiting for it to settle when it broke 18c and then to settle when it broke 22c and then 25c you wouldn't be too happy. The dust may settle this time around in the 40's.
SDL Price at posting:
29.0¢ Sentiment: LT Buy Disclosure: Held