Confucious says "We are living in interesting times!"
Talk it up you want SDL spruikers, fundamentals, etc seems to me the market doesn't like Iron Ore projects at the moment. Unless there is strong cash flow coming in to prove themselves. Fortescue were lucky to get in way back in 2003 when the market was trading red hot with 4 times the shares volumes as traded now , which saw their SP grow very well on a daily basis usually 2-3% a day. But those Halcyon days are well over. I Might buy back in when its 20c. Look how close Trafford are to production? Their SP is still languishing, after a well backed capital raising, and they have a great project going close to Ports infrastructure etc. As I say, the SP and expectation of future projects in this market are two separate things. This is a real traders market.
Don't believe the Hype.
DYOR
SDL Price at posting:
43.5¢ Sentiment: None Disclosure: Held
