dont care who buys it ....SOE or dim sum company, they have to pay more than 45c . Im confident when these duck knuckles final decide to move the hedgies will do the right thing.
sinosteel just bought $600m worth of ore tenements next door to sdl, permits and exploitation agreements yet to be signed.....????
the cdb delay is absolute BS - they have the cam conventions written in stone and materially the same as what has been on the table for the last 6 months. the congo permit is irrelevant. ..oh thats right, delay is also due to santa clause and xmas holidays.......BS!
saw interview today - some fund manager being asked about SDL , he said hanlong gamesman ship last 6 months to get price down and timing of ore price drop played into their hands. However he also said now that prices are up at 130-40, china growing 8%, the ball is now in SDL mngt court to extract better value. BTW he didn't mention anything about 6b in capex.
SDL Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held