I am fumbling for a seat and some popcorn to watch the word tennis that's happening...
I am guilty for being an opportunist rookie trader, not a long term shareholder...And I can declare that I currently own no shares in SDL...
1 week after the bloodbath, you would expect some damage control from Mgmt...SDL has just about caught the attention of all those who play on the stock market and an opportunistic way to make money...However, in my opinion, it will continue to hover around the 10c mark for a while to come...And as I have always said - I'd love for someone to say "told u so" when the SP does increase again...
And whilst it was pointed out to me that SDL does have $30M in operating cashflow; I am still concerned that it's a sinking ship...
SDL Mgmt - pls plug the holes of the ship and at least go into "cash preservation mode"...take a pay cut...
Whilst I may not be an expert in Fe production or geomorphology (is that even what you call the science of rocks?)..the fact remains that the stuff is still in the ground...If only we can trade futures on the IO in the ground; I'd pounce at SDL in no time...but whilst the stuff is still in the ground and not accessible, I will continue to sit on my seat and eat my popcorn...
SDL Price at posting:
9.7¢ Sentiment: None Disclosure: Not Held