Does appear that the price is being held down/ shorted, not massive volume and heading in a southerly direction. I topped up couple of weeks back just under 150.I was hoping Maules creek chpp contract by now. But delays in approval from NSW government and the Aston merger with Whitehaven and subsequent takeover from Tinkler gives the impression that this may be pushed back further, maybe even taken off the table.
If this development does come through and SDM get the construction contract, LOOK OUT. Circa $400 mil.
Cant understand how price can be so severely hammered, down 50% in 3 months. Hopefully good news and some good divs next month. Yearly results will be interesting too, will be good to get a feel for what SDM have been up to in Africa, China and S America.
Fingers crossed.
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- price attractive esp if tenders eventuate
Does appear that the price is being held down/ shorted, not...
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