absolutely delusional if you think this puppy will see 45c again......at least not in a 24 month period.
you suffer from confirmation bias, you look for any information to confirm your ridiculous theories and ignore all other information to the contrary.....China are not quaking in their boots over this one, that is an absolute fact...
Iron ore is not a scarce resource.....the majors have mountains of brownfields expansion options, bhp/rio/vale could spend millions in their respective heartlands for many years to come...you only need to look at their capex profiles
i had lunch with the bhp cfo pre christmas and the complete disinterest in greenfield's projects outside of potash is palpable, let alone projects in 2nd/3rd tier destinations......there will not be a mountain of demand in the tender process, the majors will be absent, as will the competitive tension.....therefore the ability of SDL to maximise the potential outcome for shareholders is limited
that said i think it is an interesting 6 month play at 10c or below
this is an interesting asset, that is all.......it is a mile away from production
best result for all would be a takeover, a liquidity event for all to exit
good luck to all, just checked in to see if you were still at it 747.....banked any takeover cheques lately
SDL Price at posting:
10.0¢ Sentiment: None Disclosure: Held
