I like this section in the LEG ann.... reason as to why they let go of the Iron ore asset...
"The absence of direct shipping ore at the Project coupled with the current state of global financial markets has put the further development of the Project beyond the reach of an exploration company like Legend. Jindal’s proposed investment will be a great boost for the Project"
SDL has 800mt DSO and very likely more...
let the bidding begin...
SDL Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held