I hold SDL. It seems to me that SDL keep ticking the boxes and I think they are astute enough to know that time is not their friend... they have some cash but it won't last forever. Last time I looked they had (a) defined and announced a stunning (as in world class) resource ... tick; (b) addressed some soverign risk issues by aligning govt involvement ... tick; (c) had discussions with obvious parties with an interest in non-mainstream supplier IO source...tick. Project finance... Cameroon seems to be the centre of all sorts of new mineral exploration projects and the govt very active. I would expect a half decent off-take agreement will solidify any project financing requirement (maybe current BHP IO price negotiations will be a catalyst)...tick.
Wow, more ticks than a mongrel dog!!!
My take... good buy and bounce (IF ANY) will not be far away... SDL can't afford to.
I am not an adviser...DYOR
SDL Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held