I was just thinking that over the four years since the board tragically died in the plance crash there has probably never been a better time to invest in SDL.
Share price was 13 cents in 2010 and jumped to 66.5 in January 2011 with nothing more than a quickly formulated new board and a lot of promises.
Share price was in the 50s when Hanlong jumped and has slumped ever since due to one disappointment followed by another.
But since then SDL has made significant progress. It has the mining conventions, a world-class iron ore deposit, Nobel, and is about to announce the winning bid for the rail and port, which should provide details of how the company is going to progress to finance and production.
I know a lot of people have been burnt buying much higher, but overall you would much rather be buying today at these levels.
The risk/reward is back in the investors court for the first time in a long time.
Cheers J
SDL Price at posting:
8.2¢ Sentiment: None Disclosure: Held
