support is strong buy, page-12

Unfortunately, today sp crash was one we have to have in order for Sundance to start with a new lease of life. Panic sellers have exited and stability has returned. Fortunately for holders, SDL resource is sought after and there is competitive tension to ensure check & balance.

Judging by George Jones's comment today, it would appear that it will be months before discussions with multiple parties will conclude. There is time to nurse the sp back to a resonable level.

Spot price will soon head for $150/T as the Feb dip was all CNY and Cyclone. March was a bumper month at Port Hedland. This time we have the wind at our backs. IO stocks rocketed today and expect to trend up as quarterly are released and the Chinese resumes restocking. The $50/t by June 2013 (yep he said that last Sept) by Andie Xie type BS has runs it's course IMO.

Logged onto Commsec expecting to see BIG red, surprisingly turned out green overall such as the unwinding of the shorts across many stocks.

GJ is right. The fundamantals have significantly improved in massive resource upgrade and mining permits obtained.

Both the Chinese and Indians would be looking at SDL from startegic perspective. Competitive tension (if involving Western entities) will ensure a reasonable floor when it's time to show their cards.

Good luck holders. No a good day for long termers (on paper at least). I expected bad but not this bad.