lot more shares on issue since the first run. There has also been a lot more work done to prove up the real resource etc. I also believe that the Chinese would be very keen on SDL now that RIO and BHP have effectively joined forces. This is not a good outcome for them. A lot of the other iron ore companies in WA are small by most standards. The run on Friday in FMG and SDL tell the story and i expect further movement this week. They want scale and long term mine life projects. This is why stocks like SDL, RIV, CDU, etc fit these sorts of deals. dyor.
SDL Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held