Now is NOT the time to take on a very speculative, very high risk stock like SDL...and especially SDL even at these prices which give a Market Cap of around $1 BILLION.
PFS, MOU, Inferred resource, Merger???, Talbot ownership....all totally irrelevant....
Where will they get the massive US$2.5 billion for infrustructure, now international banks have stopped being banks??? There are trillions of tonnes of iron ore around everywhere one looks..but getting the stuff 500K to a nonexistant port in Africa is a major problem.
On a technical outlook, there is a massive head and shoulders formation, which targets a level in the teens where it would then be a speculative buy. The brokers reports are fanciful nonesense.
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