placement & legal implication, page-8

No issue here Matt

who subsribed?

Domestic/Foreign Instos & Sophisticated Investors

Issues - None

reasons : to ensure SDL wasnt backed into a corner in the event of a Hanlong withdrawal or NDRC no, and to ensure works continue on for the end of year as SIA continues

SInce the deal was struck at 57c some 9 months ago, i'd think the world iron ore stocks/market have softened signifcanlty

resoruce upgrade wooppee do...You need $4b to get to it!!!

take a look at FMG, AGO, RIO,BHP, Vale to name but a few...great shareprice performance last 9 months