Hi Albert
You are right that SDL is not going to be another FMG. Every man and his dog is looking for the next FMG in the iron ore business.
Go back to March 2004 when FMG announced they had entered in to a sales agreement with Baosteel and the share price was still under $1!!! And that was before the 10 - 1 consolidation.
Can you imagine what announcement like that would do to SDL? It would send the SP to something like 80 cents where it was last year when the merger with GBG was announced and we don't have any captial re-structuring to look forward to
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