Personally I like to hear this and it the first time it been said :
In parallel, the Company has reduced drilling expenditure given that its itabirite exploration target has now been achieved.
Also SDL have shown that they understand the current market condition.
This will result in significant cost savings and ensures prudent management of the Company’s cash resources. Sundance had cash reserves of $32.7 million as at 30 September 2008.
Kind of saying to the market we want to go from JNR mining operation to the real deal.
I guess u want hear is SDL SP going to be 20 cents at the end of the week ?
The USA market is coming out of election mode so the 870 billion bucks is going to be handed out.
All round dont think the stock market is going to get any worst. But the housing market is going to hold up growth which is alway 8-12 month behind the stock market.
Great time to be in SDL if they can pull off the 3.2 billion funding.
After this as much as people laugh at what I said before. It going to be kind of hell to secure down 500KM of railway tracks, that why we need some macdonalds to be built -- Hint hint.
Cheers
SDL Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
