Sino steel has been sniffing around and at anything that smell ore for long long time. Just lately they tend to leak a bit more info on what they sniffing and their intentions.
A friend in Ore exploration business told me something the other day that knock my confidence back 2 centuries. he quote "Do you know how many explorations companies are out there at the moment in term of global? Hundres to thousand range from small to BIG. what you see on ASX is a fractions... SDL is just a small fry in the equation. BIG rich companies rather invest in something which near production like FMG" With the market crisis at the moment our SDL "fry" just reduced to sperm.
SAD but true.....
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