with 10 hole assay's still due from Cameroon any day now and the fact the company will shortly have 7 drill rigs going 24/7 to prove up a JORC iron ore reserve it would be a strange time for a major shareholder to sell down.
if you look at the recent quarterly report, SDL are spending $10 million on exploration this quarter alone, so expect plenty of news over the coming months.
the longer the shareprice remains around these levels the more likely SDL will become the target of some of the bigger boys, remember there are very few 1 billion plus tonne iron ore deposits not controlled by the big players.
China has already demonstrated their willingness to fund project devolopment, so they not only secure reserves but will have a future say in pricing. That is why companies such as FMG,SDL,MMX,MIS will continue to be of interest to countries such as China/India.
SDL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held