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Moonshine
06-03-2006, 12:51 PM
BIG announcement on Friday.

Acquisition of a 850 million tonne Iron Ore deposit in Cameroon, Africa.

Lots of shares to be issued as a part of the acquisition, but with grades of 63%-65% and VERY low impurities... a resource of this type is becoming harder and harder to find.

If shareholders approve the cap raising, then there will be many 2.5-3c shares on the market... but again, a resource of this size and purity/impurity ration doesn't come along every day.

Could re-trace a bit to 5c... but that would be a definite BUY for me.

Cheers,

Moonshine



[u]STOCK EXCHANGE ANNOUNCEMENT
ACQUISITION OF CAM IRON (SA)
AND $3.6 MILLION CAPITAL RAISING</u>

The Board of Sundance Resources Ltd (“Sundance”) is pleased to announce that it has
entered into an agreement to acquire a 100% interest in Cam Iron SA ("Cam"), a
company incorporated in the Republic of Cameroon in central west Africa. Cam is the
beneficial owner of Exploration Permit No 92 which covers an area of 875 square
kilometres over the Mbalam Iron Ore Province (“Mbalam”) in Cameroon. Significant
iron ore mineralisation exists within the Exploration Permit where previous work by the
United Nations Development Fund ("UNDF") has identified iron ore occurrences
which are poorly explored with considerable potential.

Mbalam is located about 300 km east-southeast of the capital city of Yaounde in the
southern part of the country. The deposits are typical supergene haematite enrichments
from an Archean banded iron formation protore which has been recrystallised to
ferruginous quartzite or itabirite. In this way, they occur in a similar geological setting
to large iron ore deposits mined in the past in Liberia and currently being evaluated in
Guinea and in the neighbouring country of Gabon.

The main deposit is the Mbarga iron ore deposit which was identified by the UNDF in
1982 from a strong magnetic anomaly. The work undertaken by the UNDF indicated
partially laterite and scree covered haematite mineralisation extending over 2,000m
along strike at widths of up to 600m but more commonly at 400m. The UNDF work
was based upon the known outcrops of haematite mineralisation and did not include
scree and laterite covered extensions which suggests a large mineralisation potential.
The mapping also reveals another possible fold repetition of mineralisation one
kilometre to the west.

The other main haematite occurrence evaluated by the UNDF at Metzimevin is poorly
explored with just 6 diamond drill holes. Two haematite outcrops, both about 600m long are known and intercepts of 63.9m @ 65.7% Fe in S1 and 36.9m @ 64.6% Fe in
S2 are recorded from poorly sited drill holes. Systematic angled drilling is required to
determine the continuity of mineralisation at this deposit.

It is intended that once the acquisition of Cam is completed, Sundance will commence
an initial drilling programme to evaluate the existing resources at Mbalam and to
expand the regional exploration along about 50 km of unexplored iron formation with
indications of haematite mineralisation.

An initial review of historical data indicates that Mbalam can be likely developed into a
low cost producer of quality, low phosphorous, marketable grade iron ore. Mining
costs, assisted by modest stripping ratios, should be low. The major capital costs
associated with developing Mbalam will be the construction of a rail line and new port
facilities. It is anticipated that development funds from agencies such as the World
Bank, IMF and African Development Bank may be available for such an important
project for the economy of Cameroon.

Following the acquisition of Cam, Sundance will have a portfolio of significant
international resource projects in Chile, Bolivia and Cameroon.

MBALAM IRON ORE PROVINCE (“MBALAM”)

ProMet Engineers Pty Ltd (“ProMet”) has conducted a preliminary review of Mbalam
including available data and reports compiled by the United Nations Development
Fund ("UNDF"), the Canadian International Developme

Moonshine
06-04-2006, 05:16 PM
SDL been MOTORING along of late.

Quietly (well, over 25 million traded actually) hitting 8.4c today.

Doesn't seem to want to stop there either...

hope you had a dabble!

Moonshine

Moonshine
06-04-2006, 05:19 PM
oh yeah...

the chart looks sensational.

Moonshine
06-04-2006, 06:16 PM
Closed on the high today at 8.5c.

Very high volume - 29 million.

Very bullish.

Cheers,

Moonshine

Moonshine
07-04-2006, 01:40 PM
:D[8D]:D[8D]:D

Moonshine
21-04-2006, 01:58 PM
Great announcement.

Has acquired 100% ownership of the Charcarilla Copper prospect in Bolivia.

http://www.asx.com.au//asxpdf/20060420/pdf/3wd71xljmk2qn.pdf

Massive visual strike length of 30kms... copper mineralisation to a depth of 60m, and historical drill grades of 4%-18% Cu.

With enough time and money... this could become a Fantastic asset.

Cheers,

Moonshine

Skol
12-07-2006, 09:49 AM
This one went off the boil but has doubled in the last few weeks.

Skol
13-07-2006, 07:46 AM
Have a look at this:
www.theaustralian.news.com.au/story/0,20867,19770989-643,00.html

Skol
18-07-2006, 04:13 PM
Up to 10.5 and big volume. Something's up.

Moonshine
18-07-2006, 04:58 PM
Yep... huge buyers lurking.

At one stage there was a $1,000,000 buy order at 10c.

There must be some good news leaking, or, other capable persons are compiling their own pre-feasibility study... and are coming up with GOOD results.

Seems like one of many juniors trying to get big Fe projects off the ground, like ARH, ADY etc.

Skol
18-07-2006, 06:28 PM
Moonshine,
I saw that, 6m+ plus shares for sale at 10c and then it went to 10.5, couldn't believe it.

donjohnson
19-07-2006, 03:21 PM
I'm looking at getting into these as well - just hoping it breaks through that 9.5/10c resistance and carries on climbing.

pimpit
16-11-2006, 03:01 PM
14% today...to date 86% up....

LeBOJ
17-04-2007, 10:29 AM
Having a good run. Anyone in this still?

LeBOJ
28-06-2007, 02:42 PM
First drill results are due shortly. If they are good, this one's off again!;)

LeBOJ
28-06-2007, 02:52 PM
You should never believe the hype around a stock, and should always do your own research, but the word is that this resource is BIG. The initial target is 1b tons, but this is in a very small area of their tenement. Some say it could end up being 3-4b tons. I think you and your wife will more likely be upgrading the house!:D1

I've seen these bomb before though, so fingers crossed, as I have a good sized exposure! [?]

Yossarian
28-03-2008, 08:26 AM
speeding ticket - bit ironic given the recent plummet in sp!!

Yossarian
04-04-2008, 01:40 PM
certainly doing very nicely over the last couple of weeks - now up to 30.5c (up 85&#37; since the recent low). Not sure what is driving this?

Yossarian
03-06-2008, 03:03 PM
gosh, stunning silence on SDL from anybody else.

A beautiful JORC (with plenty more untapped potential) announced recently and some very heavy buying has eventuated.

And SDL has finally broken through my original purchase price!! (Hard to believe as I was down 66&#37; at one point.)

WASL
07-06-2009, 05:37 PM
Hi Pointman,

What great foresight. With the Chinalco Rio deal now off we might expect the Chinese to be looking at other iron ore companies they might buy.

The Chinese are probably better at controlling "issues" in Africa than Australians.

Could Sundance (SDL) be a target.

Food for thought?

Good luck as always

WASL

soulman
27-07-2009, 06:25 PM
Anyone in this yet. Looks like volume breakout. I just saw them after the market close. Otherwise, would have flutter some cash in them.

wbosher
28-07-2009, 09:20 AM
Anyone in this yet. Looks like volume breakout. I just saw them after the market close. Otherwise, would have flutter some cash in them.

I'm in, my stop loss was hit a couple of weeks back at 15c but I ignored it (I know, noob mistake)...might have got lucky eh? Today will be interesting, hopefully the momentum will continue for a little while yet. :D

Dr_Who
28-07-2009, 09:34 AM
I'm in, my stop loss was hit a couple of weeks back at 15c but I ignored it (I know, noob mistake)...might have got lucky eh? Today will be interesting, hopefully the momentum will continue for a little while yet. :D

Stop losts are for pussies.

Real men buy more shares when the share price comes down. Read Jim Rogers and how he invests. Jim talked about going long on commodities a year ago. He has been buying commodities ever since and continues to be a buyer. He buys on weakness and holds for 5-10 years.

This sounds like an interesting company, any research report on it?

wbosher
28-07-2009, 09:37 AM
I'm just starting out...with a meagre amount of money. It's all in this stock and I couldn't afford to put more in even if I wanted to.

Yossarian
28-07-2009, 09:53 AM
I'm in this... Hoping the steep climb will continue all the way back up to my purchase levels!! (long way to go yet...!)

Yossarian
28-07-2009, 09:55 AM
how did you choose this one wbosher?

wbosher
28-07-2009, 10:00 AM
Looking through charts. I misread the chart (as I said, I'm a newbie) and the price went down, a few people on the newbies thread pointed out my mistakes...thanks guys. :D

wbosher
30-07-2009, 11:27 AM
Still climbing...getting a little nervous now, waiting for everyone to hit the sell button.

evilroyrule
08-09-2009, 07:33 PM
anyone still watching or holding sdl? after a few weeks of high volume i see sellers are now outnumbering buyers? anything going on????

snowball
08-09-2009, 08:13 PM
Presentation released. Still to prove up sufficient DSO reserves with drilling planned for 2010 together with BFS (2010). Projected capex of $3.3m, mostly transport infrastructure - build massive rail line and port (not to mention need to raise some finance late 2010 after BFS completed). Probably suffering in sp due to the job ahead and timeline versus other projects closer to fruition.

evilroyrule
08-09-2009, 09:49 PM
excllent thanks for that. might be one just to leave bubbling away for now. happy to hang in there

snowball
09-09-2009, 08:47 AM
evilroyrule, I was a bit quick off the mark - the capex should have read $3.3bn (not $3.3m) and that is US$. Assume you would have suspected I had the wrong number of zeros there.

evilroyrule
04-11-2009, 01:46 PM
anyone still following this one? any idea what the trading halt is for?

soulman
04-11-2009, 01:59 PM
anyone still following this one? any idea what the trading halt is for?

Capital raising.

Anna Naum
04-11-2009, 10:07 PM
Capital raising.

It looks like it might be a big one!

LeBOJ
05-03-2010, 10:55 AM
Not too far off finding out about funding/partners. I'm a fan, and this is my largest holding. Anyone else still following?

LeBOJ
08-03-2010, 04:49 PM
Having a strong day. Perhaps on expectations of IO pricing contracts? Talk about of some large increases.

LeBOJ
11-03-2010, 09:03 AM
China's Iron Ore Appetite Remains Voracious

By Terry Wooten
Of Kitco News,
10 March 2010, 9:00 a.m.

Toronto—China has changed the playing field in the iron ore sector, sucking in seaborne supplies like a giant vacuum to fuel an economy that will produce more steel in the 15 years from the turn of the century than was manufactured by the entire world from 1860 to 2000, according to an executive of a London-based consultancy.

China’s frenzy for iron ore to forge the steel is driven by the exodus of its citizens from the countryside to the cities in search of a better life and the populace’s growing expectation of consumer goods in a western style, according to Phil Newman, chief operating officer of CRU Strategies. CRU is an independent business analysis and consultancy group focused on the mining, metals, power, cables, fertilizer and chemical sectors.

In an interview with Kitco News on the sidelines of PDAC2010 here, Newman said China’s obsession with gobbling up seaborne iron ore from Australia and Brazil and other producers stems from the changing social patterns. Iron ore is needed to make steel for automobiles, for housing and commercial structures, and for highways, bridges and railroads, he said. Although China is the world’s largest iron ore producer, the grade is low, necessitating the imports.

To illustrate the scale of China’s appetite, Newman said that from the origins of modern steel production in 1860 to 2000, the output grew from zero to 665 million tonnes annually. In the 15 years from 2000 up to 2015, China will repeat that, he said. “In 15 years they are going to increase their steel production by the amount the whole world has done in the previous 140.”

Although China’s iron ore needs have been increasing the past 10 years, the growth has been more evident as the recession in the U.S and other western countries lowered prices and caused many Chinese mines to halt or lower production. Newman said during 2008 the Chinese were looking everywhere for iron ore and continued to do so in 2009.

As for the outlook for the next few years, Newman said one good measure is the steel consumption per capita. “That per capita consumption has risen in China and has risen fast,” he said. In 2007 it was about 300 kilograms per person, increasing to 470 kilograms per person in 2009. The figure should flatten to about 550 kilograms during the next three to four years, he said, as urbanization slows and the economy becomes more service-oriented. “There’s quite a lot of steel yet to come on,” he said.

China’s economic growth has been phenomenal during the last decade, raising fears that there could be a bursting bubble on the horizon. Newman said the developed world countries probably have underestimated the ability of the Chinese government to manage their own economy,

“I think we have to rely on the Chinese government to keep things moving along,” he said, emphasizing that the officials have been astute at speeding up when necessary and slowing down when things get too fast. They have done a good job of keeping GDP growth between 8 and 9 percent, he said.

Even though China remains a totalitarian government, their leaders will keep their ear to the ground, according to Newman. “The Chinese have seen what others in the world have and the y want it and they want it now,” he said. “The government knows that if things do go wrong, the Chinese people will tell them they are not happy.”

China has, however, become such an economic presence in the world that concerns over their future growth are warranted.

“We don’t want their economy to overheat,” he said. “If those guys have a financial crisis anywhere near like the one we’ve had … it will make what we’ve been through the last 18 months look like a tea party.”

By Terry Wooten of Kitco News

Anna Naum
20-06-2010, 06:25 PM
Australian mining execs missing in Africa
7:00 PM Sunday Jun 20, 2010

Six Australian mining executives are among nine people missing in west Africa after their chartered plane failed to arrive at its destination.

The Department of Foreign Affairs and Trade says its high commission in Nigeria is in "close contact" with authorities in Cameroon, from where the plane took off.

It was travelling from Yaounde in Cameroon to Yangadou in Congo.

Most of those on board the plane are connected to the iron ore miner Sundance Resources, a West Australian-based company listed on the ASX.

A statement from the company said directors had been in Cameroon during the past few days speaking with officials about its promising Mbalam project.

"Sundance Resources regrets to advise that an aircraft chartered by the company has been reported missing after it failed to reach its destination on Saturday, June 19," it said.

"The families of the missing have been notified and are being supported during this deeply distressing time," Sundance said.

Sundance said an extensive search was underway.

"A comprehensive air and ground search ... will commence at first daylight local time on Sunday.

"A Congolese aircraft will be involved in the search."


Sundance's chief focus is its Mbalam ore project in Cameroon, potentially worth billions over its lifetime.

DFAT said the high commissioner designate to Abuja is in Cameroon and is "managing the government's response on the ground".

"One additional official from our high commission in Abuja, plus a specialist consular officer based in the Middle East, will travel to Cameroon as soon as is possible to support the government's response," a spokeswoman told AAP.

"The specialist consular officer will bring additional communications equipment to support the DFAT team on the ground in Cameroon."

- AAP

Anna Naum
20-06-2010, 06:26 PM
Mining magnate Ken Talbot feared killed in plane crash over Congo

Quote:
A PLANE carrying one of Queensland richest businessmen, Ken Talbot, has gone missing while flying over the Congo with serious fears held for the safety of the mining magnate.

Mr Talbot and eight other executives were on board a charter flight from the Cameron capital of Yaounde bound for the Mbalam iron ore project.

The project is owned by the WA-based Sundance Group, in which Mr Talbot is a significant investor with about 14 per cent of the company.

It's understood Mr Talbot and one of his senior executives was on board the plane along with about seven senior executives of the Sundance Group.

The plane took off from Yaounde and lost contact about 25 minutes after take off.

The plane has now been missing for about 18 hours.

Mr Talbot, who founded Macarthur Coal and now runs a private global mining empire with an estimated net personal wealth of about $1.2 billion, was in Africa looking over some of his investments.

``No one knows at this stage but it does not look good,'' one friend of Mr Talbot's said today.

``No one has heard from the plane, which was chartered by Sundance to look over this project. There has been no word, no signal.''

Mr Talbot owns two large private jets himself and flew to Africa on one of them but his aircraft was too large to visit the iron own project in Cameron.

whatsup
21-06-2010, 01:47 PM
Ditto sad sad day.

Corporate
22-06-2010, 09:19 AM
http://www.stuff.co.nz/world/australia/3838258/No-survivors-on-tycoons-plane

Very very sad. My condolences to family and friends.

LeBOJ
30-06-2010, 09:13 AM
Very tragic news.
One of my favourite companies.

COLIN
20-07-2010, 09:24 PM
Today's Investor Presentation seems to have been well received by the market - up 25% at close, with strong buying interest remaining. They seem to have recovered remarkably well, after the absolute tragedy of the wipe-out of the entire Board as well as the Secretary and others.

JB Murc has posted an interesting piece, on the CFE thread, relative to West African iron ore mining, which is well worth a read. Macquarie's note of caution doesn't seem to have dampened interest in Sundance's prospects.

LeBOJ
13-10-2010, 03:20 PM
Still making good progress. Recovered well from the tragic loss of their board. A lot of company making news due out before the end of the year.

COLIN
13-10-2010, 08:45 PM
Still making good progress. Recovered well from the tragic loss of their board. A lot of company making news due out before the end of the year.

Quite a bit of buying interest - bought a parcel myself, recently, after dithering for too long.

COLIN
22-11-2010, 12:58 PM
Quite a bit of buying interest - bought a parcel myself, recently, after dithering for too long.

Dancing today.

drillfix
29-11-2010, 04:37 PM
Dancing today.

Hi Colin,

Did a trade on SDL but jumped out too early, but something is better than nothing though hey.

Still looking quite strong but one would think it may need to take a breather, technically dont ya think?

COLIN
29-11-2010, 09:32 PM
Hi Colin,

Did a trade on SDL but jumped out too early, but something is better than nothing though hey.

Still looking quite strong but one would think it may need to take a breather, technically dont ya think?
Greetings, Driller. I'm at present on holiday (again!) and haven't been able to follow the market closely, but I doubt if today's little breather will last long. I take heart from the continued strong buying interest v-a-v- sellers.
Sayonara!

drillfix
30-11-2010, 03:27 AM
No worries Colin, have a great holiday there mate.

Looks like we are in for one heck of a day tomorrow (today actually) with US markets down -200+ in the red.

LeBOJ
08-12-2010, 11:31 AM
A lot of big news due in a short amount of time (not guaranteed to be good though! - dyor). I have a good sized holding and got burned trying to trade it, so am now a long-term holder. I plan to hold and accumulate more on milestones until production. Has regional first-mover advantage, should control major regional infrastructure and good resource upside potential. Good luck to holders!

COLIN
08-12-2010, 09:26 PM
A lot of big news due in a short amount of time (not guaranteed to be good though! - dyor).

A rather cryptic message, LeBOJ. Are you free to quote a source? Come on, spill the beans, we're all friends, here, you know! (I hope!)

LeBOJ
09-12-2010, 10:30 AM
No source Colin (but I wish I had one! lol). We all know that announcements around funding are due by March, but I didn't want to ramp. There is no guarantee that they will get funding, though I personally think the chances are very good, thus this is my largest holding. I'm certainly excited about their potential.

Cheers!
LeBOJ

LeBOJ
05-01-2011, 09:56 AM
Got back from Xmas break and see a nice surprise with the upward SP movement!

COLIN
05-01-2011, 10:38 AM
Got back from Xmas break and see a nice surprise with the upward SP movement!
Yes, and its still got heaps of unsatisfied buyers - do they know something that we don't?

Enjoying the ride.

LeBOJ
09-06-2011, 10:59 AM
Latest update is to expect something around funding/partner around end of June, though the company says they won't rush and risk not getting the best deal they can.

Some talk in Oz circles about SDL being a TO target, but potentially very little time left to make a move before funding is announced.

Getting exciting.

Corporate
10-07-2011, 08:26 AM
anyone still holding SDL? The company already has a high market cap ($1b), but the resource is huge and the operating costs low.

Entrep
10-07-2011, 09:37 AM
I bought some on Friday

Corporate
10-07-2011, 11:29 AM
I bought some on Friday

I'm waiting patiently...

3457

Entrep
10-07-2011, 01:35 PM
The 5th and the 7th looked like great low volume tests and it finished very strongly on high volume on Friday. Will be keeping tight stops mind you

Entrep
18-07-2011, 10:55 AM
The 5th and the 7th looked like great low volume tests and it finished very strongly on high volume on Friday. Will be keeping tight stops mind you

Offer to acquire at 50c - bit low!!!

drillfix
18-07-2011, 11:30 AM
The market doesn't even seem interested so no doubt the company is not either. @ 50c, why would they..lol

mark100
18-07-2011, 02:06 PM
Good chance of a bid increase here I reckon. I'm in at 47.5

Entrep
18-07-2011, 02:09 PM
I think the downside is limited, either way there are definitely ulterior motives at play. Lets see where it finishes in the candle.

drillfix
18-07-2011, 02:19 PM
Looking at the 60 min, 15 and 5 min charts, IMO should close somewhere between 46c and 48c and random spikes trading up to 50c at times.

Daily Chart's ema's are beginning to line up nicely and RSI and OBV are strong.

I think there will need to be more news about other potential talks or discussions that have been had may need to shine more light on the story for investors to decide or be convinced so in the meantime this 50c offer is just a joke but at least gives the stock a ball park trading zone.

I preferred it without that current Bid as it was starting to trade upward on the hourly just nicely.

lawrence
18-07-2011, 02:43 PM
So what is the price that would make everyone happy for a T/O?

drillfix
18-07-2011, 02:50 PM
Lawrence, I myself dont hold so I have no happy or not happy price so to speak.

Was just commenting on the fact the SDL are still in talks with other potential JV partners whom if and when or should there be another eventual ann suggesting whatever plans they have, then the SP alone could go well back to the previous mid 60's without a T/O offer, so anybody whom would actually want it outright from that surely would have to cough up at least twice that. Or at least that is my thinking about that, which some may not agree with, but thats ok, because I dont hold (yet) but have traded in and out previously.

Entrep
18-07-2011, 04:57 PM
I'm out at 49c - happy with 36% in a week and this close is not looking strong. Would rather book profits in this market.

mark100
18-07-2011, 05:19 PM
So what is the price that would make everyone happy for a T/O?

Hanlong were prepared to pay 44c a few months ago for a non-controlling stake. Add on the basic 30% control premium and you get 57c. I think we could easily see the bid sweetened to 55-60c.

drillfix
18-07-2011, 05:23 PM
Would rather book profits in this market.


LOL (this market) I dont blame you there Entrep, no mercy for those who dont act at times hey :P

macduffy
08-02-2013, 12:26 PM
The more things change, the more they remain the same.

Hanlong's bid, now 45c and subject to a host of conditions and approvals, still hangs around the market which isn't impressed. SP down to 30c today.

What, I wonder, are the chances of this coming to a happy ending? A nice 50% profit for some, if it does!

:confused:

soulman
09-02-2013, 12:08 AM
The more things change, the more they remain the same.

Hanlong's bid, now 45c and subject to a host of conditions and approvals, still hangs around the market which isn't impressed. SP down to 30c today.

What, I wonder, are the chances of this coming to a happy ending? A nice 50% profit for some, if it does!

:confused:

I reckon 20/80 for it to succeed......It seems Hanlong has some to lose if they didn't pulled through with their 17% stake. Not sure how much they paid for them.

50% profits for 3 months is very nice but the Chinese are can pull the plug. 80% IMO they might pulled the plug.

macduffy
09-02-2013, 08:04 AM
I reckon 20/80 for it to succeed......It seems Hanlong has some to lose if they didn't pulled through with their 17% stake. Not sure how much they paid for them.

50% profits for 3 months is very nice but the Chinese are can pull the plug. 80% IMO they might pulled the plug.

Yes, that seems to be what the market is saying.

In the end it will come down to how much the Chinese want it; the big three io miners havn't shown any interest, presunably because they have better deposits and prospects in Australia and South America. SDL's Mbalam project sits in the middle of central west Africa, on the border of Republic of Cameroon and Republic of Congo, needing a 510 km rail line to be built through dense jungle to get the ore to the coast. Most of the ore is itabirite hematite, high quality but relatively high cost to process.

An interesting proposition but I think I'll continue to watch from the sidelines.

soulman
20-03-2013, 11:42 PM
There you are. The man behind the SDL deal in police custody in China. The Chinese are the best crooks....until they are caught.

soulman
16-04-2013, 11:01 PM
Originally bought at 35 for the 46 cents takeover price. Luckily sold at 30. The deal is finally off.

SDL still cap at $300 mil at 9.7 cents. What does the future holds. It doesn't look good.

EOC got some good news today but it's still not a done deal.