further credence to the reuters report, page-30

My take….
Tongal: “Sundance has 775Mt of DSO Iron ore @ 57% and Avima have 580Mt @ 60%.”
SDL market cap is AUD$262 million.
And Avima is being purchased for US$100 million. Therefore like for like SDL value of $0.047 per share.

Also

GJ exercised 10 million 10c options in August 2009 at the time of his resignation. Only to sell them all between 18 and 12 cents sometime during the next 9 months taking his average to something like 4 cents each. Then the unexpected request for his re-appointment in July 2010. Which exposed his sale. Then “boom” IO hits all time highs with thanks mostly to China’s stimulus, Talbot’s understandable disposal, “at a profit mind you” and Howlong was on the scene…..
http://www.asx.com.au/asxpdf/20100705/pdf/31r59yld5yfq2z.pdf
http://www.asx.com.au/asxpdf/20090507/pdf/31hgsww8svx8vv.pdf
http://www.asx.com.au/asxpdf/20090831/pdf/31kf1bklck1v13.pdf

So is there going to be an unexpected boom again in the near term?

also

Taboon’s French doc:
Sundance’s DM: This project will be carried out absolutely.

AE: How do you justify this optimism?

DM: We have signed numerous engagements with the Cameroon government. And we have already spent $ 300 million for the development of this project. We are not going to abandon this project. If we were not involved, we'd already gone and we do not have much invested in this project. And we continue to invest four million U.S. dollars each month. We are in Cameroon to implement this project”

Therefore because I’ve spent $ more $ and have gov’ agreements it will be “carried out absolutely!” ??? That is not a reason for absolute optimism! Take Rio’s Alcan purchase and the recent 10-11 billion write down!