Qinjun88,
sorry you got hammered on SDL.
Yes..it could go either way right now but there have been several project advancements since ( excluding the IO price).
its hard to imagine a scenario where all interested parties including Govts walk away from this project.
Even the most bearish forecasters have IO price settling between 85-95$ p/t in the medium term which would still make the economics of this relative robust.
The logistics of building a port & train track are not that overpowering with 21st century technology.
hell they were doing the same over 100 yrs ago!
The burning Q is ...can the required funds be raised.
There were at end last FY circa 22,000 shareholders in SDL.
one would imagine this number to have declined in the recent sell off as there are understandably a large group of small nervous shareholders that have been shaken & departed.
But someone is buying those shares & most top 20 holders haven't reduced.
As we keep being reminded it's really all about whether Port & Rail will be built.
personally I sold entire holding into Hanlong bid a few years back for a 3 bagger ,then re entered around 12 months ago at circa 9c.
This forum seems evenly split on sentiment & really who knows what will happen in the wash up.
It is a spec hold but nevertheless I will rightly or not hang in there.
GLTA what ever yr sentiment.
Best,
S.G
SDL Price at posting:
4.6¢ Sentiment: None Disclosure: Held
