share purchase plan ..., page-41

I do not beleive that SDL issues SPP because management wants to please local share holders. I think they have some hidden agenda, because raising capital to almost 200 mils (16mil on hand + 85 mils + spp) is much much much more than enough for all the mining process like application, drilling, etc... (Westcott, SDL owns 2 drill rigs and labour there are cheap). They must have something in the card for the rest of that huge 200 mils, properly build the pellet plan, or prepare the mine or whatever. But my gut feeling that it is very very near for that mine to operate and turn SDL from an explorer to a producer. Furthermore, the raising capital is in US and Europe, not from China. This is , on my point of view, very very good. I always hope that the JV is not from China, but others like India, north Asia or Europe. Made an offtake JV deal with China is very risky as some of Oz companies have Eperienced.

In my own opinion, only fool selling SDL at this time, whenever I have a spare coin I 'll accumulate, and wait for the money rain down to my head next year.