I enjoy your perspective albeit with mild frustration in what I see as a perspective which results from a totally distorted misinterpretation of information. I do not claim your information to be erroneous. I do believe you use information to make totally inappropriate and dangerous assumptions about the future. On the occasions you claim you have proven me to be "wrong" I suspect all of them are version of the following example:
J9: The market is oversupplied at present and this does not look like changing. There is no demand for SDL product and this results in no financing being available. No financing means no business.
Westcott: Sundance will be producing a 68% Fe pellet feed which is what China wants. The Pilbara is running out of ore and does not have any 68% Fe product. The railway will be capable of 100MTPA and this is just in the first phase. You know absolutely nothing. Yet again you are totally wrong.
My statements and opinions on SDL have a very simple KPI: the share price. It is all I care about in analysing stocks and in making assessments. So the easiest way to judge whether I have been "wrong" or not is to look at the information I have presented over time and how I thought it would affect the future share price. This is a fundamental difference between us (and I suspect between you and most on hotcopper) as you claim to not have any view or judgement on future share prices and anyone who does is just guessing. You claim to only be concerned with researching and commenting on the project fundamentals without any assessment on value. Please correct me if I have misinterpreted your approach as to me this seems unusual. On the basis I assess investment (of time and money) you have been almost totally wrong in almost every area you have ever commented on. Perhaps this is due to a mismatch in ideology and makes for interesting debate on this forum.
In any case from my perspective there is not a single occasion where you have identified an error in my investment thesis. When we have disagreed in the past I have provided a simple measure (share price) and have been proven to be correct. Just for future reference in relation to the current issues (funding, iron ore price, SDL's business case) my view is that SDL will below 1c by January and by the end of calendar 2016 will no longer exist in the current form with a resulting total destruction in share holder value (sp=0).
So Westcott, based on your research and understanding: what do you think will be the situation at the end of 2016?
J9
SDL Price at posting:
1.3¢ Sentiment: Sell Disclosure: Not Held
