Thanks mark100.
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Sdi in the smh.
http://www.smh.com.au/business/motle...#ixzz39TFyxZJi
Haven't heard this name in 10 years, when I used to supply them silver to make fillings!
Great little company atm but took profits @69 c for another opp.
They do in Asia etc & or they did back then. We used to supply them about 5k ounces so it was pretty small business. I had a look at their financials & was pretty unimpressed. Their admin costs are far too high for a company of this size. In their last 6 months they chewed up something like $13M. A ridiculously high number IMO. Suggests there are some fat cats being paid very well.
Thanks Daytr. Maybe as Steve points out that there a lot of moving parts for SDI to manage, exchange rates, silver, multi country sales , manufacturing costs etc.
Main indicator is that the mkt has liked it since update. S/P from re 43c to 69c and some valuationa re 75c.
They do spend a great deal on R & D.