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Russian Billionaire Eyes Sundance !, page-80

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westcott

8,602 Posts.

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26/12/16

10:25

Post #: 21557822
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Originally posted by jayneen ↑

A year later....
FMG has been a remarkable story of cost reduction and brilliant strategic management to remain a profitable producer.
The iron ore price rise has taken everyone by surprise but is still not at a level (or considered sustainable?) to justify any significant value uplift in African iron ore plays.
The Russian investor has apparently written off his SDL investment to zero as bad timing.
I would not be surprised if SDL maintain the current survival status for some time to come. There is simply zero motivation for anything to occur to change the status quo.
J9

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Hi jayneen.

Where was that reported about the Russians?

Westcott.

SDL Price at posting: 0.3¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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