rising wedge, page-2

The pattern of SDL is very similar to that of LNC, which was resolved with a very positive move up after a prolonged period of manipulation.

Typically rising wedges are bearish, but one has to factor in all aspects of the company in an effort to determine what could move the price either way before giving weight one way or the other to the chart.

To my mind it looks very much like 42c is a very real next price target, with a consolidation phase after that. As always time will tell.

Based on market comparable's Stone Bridge Research value SDL
A$0.66 per share. Thats a 'now valuation' and if it gets to my short term target of .42c its still 24c short of there 'now valuation'.

From the September presentation this is what we have in front of us by the end of December (I would say pre Christmas is more likely for much of it, but again time will tell). Mr Jones and his team are on a mission, I/O and indeed other commodities are hot so much is the ball park for the price to go higher.
 Signing of Mbalam Convention and ratification by Parliament
 Finalise offtake contracts
 Exclusive occupancy of Project land issued by Government
 Secure Project financing terms