Retired. Worked for a major mining company in various locations around world (but mainly in Australia) in their mine sites, plants and ports, finishing up in their head office. Was there that SDL came to my attention.
Now an investor who also day trades only on the right opportunity and goes fishing on every opportunity.
Orginally sold out of SDL at 79.5 cents for a ten bagger two years ago. Got back in at 24 cents down to 8 cents (my average is 10.5 cents).
SDL is still a specie. It has huge logistical issues and a big sovereign risk exposure. The ore body and quality is a given and is not a factor that will decide if the project is a success.
One question I keep asking myself when playing with this stock is Why did the Cameroom Govt give the mining & exploration rights to a very small explorer when some of the worlds major mining coys were also interested.
SDL Price at posting:
18.0¢ Sentiment: Hold Disclosure: Held
