SDL 0.00% 0.6¢ sundance resources limited

China is certainly on the move securing resources such as nexen...

  1. 293 Posts.
    lightbulb Created with Sketch. 1
    China is certainly on the move securing resources such as nexen oil in canada 15 billion dollar deal. Shes looking for food and resurces for 1.3 billion people all looking for a better life, probably a western living standard, nice homes, fast transport, a good life, china is securing her future. Why would she pass up a resource that helps secure the next century in io, as a component part with other acquisitions, trying to do it on the cheap didn,t work well the first time. Competition, open market, no exclusive deal......perhaps an aggressive offer, perhaps a take over, as she may fear being manipulated in this vital nation building commodity. This is a strategic commodity, for building infrastructure, its a wonder japan isnt trying to undercut the chinese on this with recent disputes over islands, their animosity is barely contained. There is no secret in chinas anger over high io prices, this has been going on for years, they have a stated policy to acquire 50 percent io ownership. It all seems to add up to something profit based for holders of the sdl share, imho we appear to be here as the train is arriving.....hold on tight. Good luck to all.
 
watchlist Created with Sketch. Add SDL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.