Not saying sell SDL and buy GBG. I invested into GBG because it...

Not saying sell SDL and buy GBG. I invested into GBG because it has the backup from Ansteel. If I invested in SDL I would be in larger losses. I was actually very unlucky with my 20k loan, I bought in the day before the start of the cash on a thursday (just bad luck). But I still had a lot of holdings at a cheaper level.

I know SDL has significant cash at the moment, but it will run out, the BFS won't be cheap. More placement will be needed, and even more dilution will occur.

SDL is to risky for me, espicially to put loaned money into. FMG got finance for an Aus project when money was more readily available and cheaper. Today's climate is different. I don't think lenders will have open arms for an expensive African project 400km away from a port. Maybe years down the track if the boom for IO continues for a decade.

PS I traded SDL yesterday and made some quick $. But I'll never hold for long term, only day trade. I just don't beleive in it.