Iron King Excellent post from you,but after outlining all of...

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frank2231

434 Posts.

25/07/14

20:40

Post #: 13717438
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Originally posted by IronKing2010 ↑

Bakauw ,

What is the problem of CR for SDL at this stage? Every CR are not bad at all. there are dilution but Good CR made SP push to North.. Look at SIR History.. SIR have done CR but SP did not go down at all.
- Cam and Congo Conventions - done
-Off take - Done
-Environmental process - Done
-EPC - Done
-Resources - Not necessary to mention as SDL's deposit is -unreachable to the bottom.
- Mining construction - On the way.. IMO we will hear very soon
- Financing - One of the biggest and respectable Africa Standard bank is backing SDL and they even offer to use their balance sheet to complete the finance deal done.
- $3.5 billions Pre - finance deal is already on the table.. Credit consortium are very interested to deal with SDL..

So, above the facts, there are only one tick left to close the Book. Why not, if they need working capital, they can do CR or equity sales or from off take partner Nobel . There are too many options available for SDL now. After Congo conventions signed today, all the door are open for SDL. Whoever sitting on the fence will be sorry when SDL run hard.. It was running very hard in 2010 from 9c to 65c in 6 months.. That time was Just MOU only with Chinese. This time is very very different , very different my friend. My accumulating time is start now with speedy..

Good luck Sundancers..

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Iron King
Excellent post from you,but after outlining all of that, why do you reckon
the SP didnt fly today? Congo signing is very significant, Personally I was very
surprised we only went up a few pips..

SDL Price at posting: 8.8¢ Sentiment: Buy Disclosure: Held
1 Upvote

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Iron King Excellent post from you,but after outlining all of...

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