SDL sundance resources limited

the problem, page-32

  1. 1,404 Posts.
    READ again. Let me even break it down for you.

    http://www.sundanceresources.com.au/media/17290/09122008-asx%20announcement-completion%20of%20first%20stage%20exploration%20program.pdf

    The have not stop drilling. -- KEY words " Reduced "

    Reason : Cost cutting and it going to focus on in-fill drilling at the Mbarga Deposit -- to increase geological confidence and convert Inferred Resource to Indicated and Measured status

    GET IT -- do you understand what this means in simple mining operation term -- exploration and drilling.
    ____

    In parallel, the Company has reduced drilling expenditure given that its itabirite exploration target has now
    been achieved. Three drilling rigs ceased operations as at end of October 2008 with resource definition drilling
    to continue using the three larger rigs on site. These rigs will initially focus on in-fill drilling at the Mbarga
    Deposit to increase geological confidence and convert Inferred Resource to Indicated and Measured status.

    ---

    the Company moves to preserve cash during this current period of financial uncertainty,” said Sundance’s Managing Director, Mr Don Lewis.


    or maybe


    http://www.sundanceresources.com.au/media/16585/final%20-%20itabirite%20upgrade%20program%20update.pdf

    .
    This will result in significant cost savings and ensures prudent management of the Company’s cash resources.
    Sundance had cash reserves of $32.7 million as at 30 September 2008.

    ___


    Oh yeah please provide the url link to all these useful german presetation on the SDL website you kept on saying to DYOR on. -- lol

    please quote the " URL Link " for all these wonderful prestation.


    What ever floats your boat, please move on and stop up ramp the stock. People are losing real money listen to you. Wait for facts to come out from SDL before quoting all these prestation you kept getting or even better your source from the internet.

    Not Little Jonny at the Milk bar told me --

    It sounds more creditable when it from http://x.y.z -- and a good source.
 
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