Weve said this hundreds of times on HC the fundamentals are the key with SDL!
Daily moves and up and down should be taken with the grain of salt, its the announcements that will make SDL launch, as well as other institutional factors like ASX100 listing investments which will also allow over seas super funds to invest in SDL.
Be patient, if you can afford to, keep accumulating, if you cant then just sit back and watch a magnificent company in the making!
Its not far away now..........People need to remember Sundance is a REAL COMPANY, operating in a REAL MARKET (being iron ore producer and logistics/transportation/shipping), which in turn functions within the REAL WORLD ECONOMY, these are the things that will drive up the INTRINSIC VALUE of Sundance Resources, and its share price!
For Business/Finance Uni Students, study this company, go back read the historical reports, how they built a multi billion dollar company over 5-7 years!
Drilling/Exploring Finding a Magnitite Resource, Continue to Drill and increase this resource Finding additional high grade Hematite iron ore resource Surviving the GFC Continuing as a Going Concern after a significant and personal devastating tragedy in the plane crash(with the aid of Mr Jones and his Management Team) Sourcing Funding/OffTake Agreements/Rail/Port Infrastucture Construction/Mining License/Ratification etc Turning the first soil at Nebeba and commencing production of the Hematite DSO Receiving the first payment from one of their offtake investors for the first multi million tonne iron ore shipment Completing their first Annual Report that shows (at Current Iron Ore Prices) 35mtpa $3.5-4Billion Revenue less (PFS Cash Cost of $20 per tonne) $2.8-3Billion Gross Profit each year!!!
SDL will make an excellent Thesis for one of you guys!
For you guys who have pumped in the cash at low share Prices, sit back relax and enjoy the ride.............
SDL Price at posting:
59.5¢ Sentiment: LT Buy Disclosure: Held