I'm not sure if the World is heading for another GFC like event but I'm swaying more towards it not happening in such severity. There may be some general malaise for a few more years as the USA and EU struggles as far as growth goes, but I think China, India, and other parts of Asia are going to keep resource demand strong for the forseeable future as they continue to industrialize. China has the reserves to protect itself from another shock, whereby they can implement fiscal stimulus at the drop of a hat. I'm sure the Chinese will be trying to develop their domestic demand as well to protect from outside shocks. With parts of India banning iron ore exports, and others possibly to follow, I think the Chinese will be looking more than ever to secure their own share.
As far as funding goes, it's all sourced from my excess funds, there is no lending on my behalf. Being conservative in nature, I wouldn't borrow to fund a speculative purchase like SDL.
SDL Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
