Chinese want to get their hands on this and other projects as they need what seems to be an infinite amount of iron ore in the future, but xstrata is a very clever company and it too wants to own as many resources as possible...they will both do their best to secure this very profitable project....(not to forget there seems to be a third party looking too)
This is big business and lots of money to be made, and my thoughts are that there will be a bidding war for SDL.
There is just too much ore in the ground and everyone wants it...it will go to the highest bidder IMO.
There is going to be a ride and a half over the coming weeks...
cheers all
SDL Price at posting:
53.5¢ Sentiment: Buy Disclosure: Held
