longjohn99au - all long termers have days or even weeks when the SP goes against you. In the case of SDL it has staged significant rallys only to fall/drift back. The difference this time is that SDL is close to announcing major news that will significantly derisk the project, such as the DFS, strategic debt and equity and finalising agreements with Cameroon and Congo governments (it helps that SDL's project is one of the major one in both countries).
So as these announcements are made, and milestones ticked off by brokers, shareholders, etc, the SP should rise accordingly. Remember there are already research reports out that value SDL at up to $0.80, on a DCF basis.
SDL Price at posting:
48.0¢ Sentiment: Buy Disclosure: Held
