Golddigger1...IMO i think they are making this share offer in order to use the funds to prove up the surrounding resource on the Congo tenements as much as they can before they enter into any offtake or financial agreement...
the longer they delay things the more chance there is that the market will recover and IO prices with it and SDL will be in much better bargaining position to negotiate the best deal for the company and the shareholders....If i was them i would be doing the same thing...
SDL Price at posting:
9.5¢ Sentiment: LT Buy Disclosure: Held