"Yes there will be always short termers and long ones everyone with their own objectives and i hope that the long termers get rewarded for their long awaited patience."
Interesting comment - why should patience (or passive buy and hold) be rewarded more than analysis or commercial understanding?
"Now to these negative people i say go and get your calculators out and let me know the final amount of profit the project has in the mine life then get back to me."
Why does the $5B stage 1 capex matter? - SDL clearly can't fund it alone - SDL has granted a 10% free carry in place against this capex (I have never heard anyone else here mention this, or the implications) - The capex (even pre-carry) dwarfs SDL's equity. A relatively small capex cost delta wipes the equity out - then there's stage 2
SDL was always going to be a resource seller, an economic development in Africa was never going to be possible.
So what's your calculator say?
SDL Price at posting:
36.0¢ Sentiment: None Disclosure: Not Held
