I wonder if the big trade was somehow connected to the article on the other thread published in south Africa last night?? We saw a sudden surge of interest the other week and then later we found out that there had been presentations in Singapore....I can but speculate.
The MC of SDL does not make sense in terms of the resource size and predicted opex but makes more sense when the capex is factored in....so perhaps if more and more punters are starting to believe that this is really going to happen then it would be no surprise to see some big positions taken.
SDL Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held