re: Ann: Drilling Update - Mbalam Iron Ore Pr...
Great little report but personally I dont think it will have much effect on SP, only because imo 99% of people already knew that the DSO reserves were already there. Because of Westcott's many hours of work and the team at Sundance continually commenting on how confident they were that drilling would result in additional DSO with the required tonnage to get finance over the line the report was basically factored in.
But if they were to come out and confirm say, 500 mill tonnes of DSO plus, then we will see some action. Im still fairly certain that he last couple of days action is just the institutions taking a position before finance news is announced.
The big players wont let this one run until they have their required amount of shares!! But when they do, hold on tight!!
SDL Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
