SDL 0.00% 0.6¢ sundance resources limited

Interesting Chinese article, although a little hard to...

  1. 3,910 Posts.
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    Interesting Chinese article, although a little hard to understand in some parts.

    For IO macro reasons I've decided to take a seat on the sideline again with SDL.

    IMO there will be plenty of opportunity to buy in the future if need be, but the IO macro conditions are appalling and likely to get worse.

    It's going to be hard to secure that mine debt and equity in a possible $40-$45p/t IO price environment.

    At a guess SDL's costs might look something like: $20p/t OPEX + $12p/t new infra tariffs + $10 freight = $42p/t.

    That doesn't consider interest on mine infrastructure debt either.

    If only everyone involved could have gotten the Cameroonians in conjunction with Chinese SOE's to retake transport infrastructure responsibility when IO was trading @ $80p/t+.

    Cheers!

    (Edit; not holding as my status, forgot to change the auto selection)
    Last edited by squidd: 09/07/15
 
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