Australia's largest stock trading and investment forum Australia's #1 stock forum

SDL

0.00%

0.6¢ sundance resources limited

Long term prospects, page-20

First 20 Last

Share
Profile

Follow
serena

10,370 Posts.

222

20/08/19

19:12

Post #: 40063131
Share

Originally posted by Mr. Turner: ↑

Agreethat comparing KFE with SDL is apples and pears, especially comparing marketcap and size of enterprise.
To me, KFE is the canary in the coal mine, their performance indicateshow local market climate for steel is developing

SDL is a megaproject scale of enterprise, requiring massive frontfunding, uncomparable how a company like KFE is intended to grow moreorganically over time.

Ironically, another megaproject of Dangote is also taking longer than expected, dueto difficulties of importing steel.
https://constructionreviewonline.com/2019/08/completion-date-for-africas-largest-oil-refinery-shifted/
This validates two things; steel demand is there, and that there is a risk thatprojects in Africa take more time...

Wouldn't be surprised if Dangote will build a big steelmill once his refinery is up and running; he already made the deepestseaport in the region for his refinery and the business model behind hisconglomerate is to supply Nigeria/Africa with locally produced productsinstead of importing them.

Its a good development to see African tycoons like Dangote, they will beultimately the nemesis of the government vultures who have inhibiteddevelopment for their personal gain. If Dangote will do well, then I have good hopes for SDL.

Expand

Immediately 100 million is remitted from China to Australia, ANS and SDL could be relisted on the ASX otherwise they will remain in trading suspension forever.
The ASX should not allow this type of acquisition deal without take over bid in the future in particular if the acquirer is from China since this country has foreign exchange and outbound investment restrictions.

SDL Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

FG1

Flynn Gold reaches milestone exploration target for Golden Ridge

IMU

Imugene kicks off Australian trial for blood cancer treatment

HotCopper Highlights: Your most watched and most discussed stocks this week

UBI

Universal Biosensors flat despite fresh deal with US medical product distributor

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

MMI

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Trump is President Again: What Does This Mean for Crypto?