sundance looking good, page-9

http://www.deejayclutch.com/

Australain Stocks Buying Shares

Sundance Resources (SDL) is an Australian-based iron ore miner, SDL was one of the more widely known Australian stocks in recent months after a number of its executives were killed in a plane crash in Cameroon in late June.

More recently, however, SDL entered into a memorandum of understanding (MOU) with China Rail. The MOU commits the parties to develop the railway track, and rolling stock, required to support the planned iron ore output of 35 mtpa from SDLs Mbalam Project in Cameroon.

SDL were great buying shares following the MOU announcement, with its share price rocketing almost 20%.