Ironking2010 we seem to always attract the no stockers pushing their own wheelbarrow full of one sided vested interest...
Lets remember the fundamentals of the project, its a massive reserve and growing (18 billion tonnes), first mover advantage (control of port and rail infrastructure), Mining permits Congo and Cameroon, low operating costs 23.20 and high profit..the hematite is high quality with low strip ratio, and is probably higher quality than Pilgarra...
SDL has a lot going for it, yes we have stumbled getting Funding milestone ticked off, but this IMO has primarily been due to the involvement and complications and delays with Howlong over the last two years...they have eroded your share value...but having said that, it took quite a long while to get the mining permits, far longer than expected, but again this may have been the governments waiting to see howlong move or declare the funding arrangements...
The project is still very much alive and kicking..... the SP reflects uncertainity that Howlong has created an intentionally tactic IMO, to destablise,
With Howlong out of the way and management on track with a Plan B certainity is restored as is SP...a lot of experts in the industry have indicated that by terminating the deal with Howlong it restores certainity back into the stock price...
What is Plan B....all i can say it better be a good one....
but remember just because we divorce ourselves from howlong doesnt mean the life ends, the company stops and packs up and movs out of Africa...we will move onto the next negotiation or funding partner....there is plenty of opportunity out there...
Project is way too valuable and the countries of both the congo and cameroon want to see this project Succeed as do all the geniune shareholders on here..
SDL Price at posting:
21.0¢ Sentiment: LT Buy Disclosure: Held
