arty Posted April 20, 2012 Share Posted April 20, 2012 Thanks Merc; now, Feb 29 is history; has there been an extension? Or a cancellation? Neither is obvious in the list of this year's ASX announcements... Link to comment Share on other sites More sharing options...
mercury Posted April 20, 2012 Share Posted April 20, 2012 extension Link to comment Share on other sites More sharing options...
mercury Posted April 20, 2012 Share Posted April 20, 2012 I guess that is the key to the past few days excitement. It was supposed to be announced by Monday. Came out today....price rising in anticipation... Naturally the AFrican countries have many reasons to want investment...not to mention higher bribery opportunities. Good for everyone...especially China with 61% DSO 31 million tonnes for 10 years... Could lessen need for RIO and BHP. Maybe. Keep a lid on prices. Anyway....looks like it is just up to Chinese Gov't to make the promise topay...and the price is 57cts. Merc Link to comment Share on other sites More sharing options...
milroy man Posted April 24, 2012 Share Posted April 24, 2012 merc, you misunderstood the whole ann. We are still waiting on the big one being Cameroon Govt to issue the permit. Congo's announcement is meaningless. Link to comment Share on other sites More sharing options...
mercury Posted April 24, 2012 Share Posted April 24, 2012 Thanks Milroy. Yes I did note later that another important hurdle is still to come. I see today that buyers at 47.5 cts were not numerous. and buys were very small....tiny even. Merc Link to comment Share on other sites More sharing options...
milroy man Posted April 24, 2012 Share Posted April 24, 2012 Yes Merc, lot's of games being played now. In a few days time, we will know one way or another. I am expecting the permit to be approved based upon Congo endorsing it which they never have before. Link to comment Share on other sites More sharing options...
arty Posted May 23, 2012 Share Posted May 23, 2012 Well, it looks as if the t/o will go ahead by November: http://www.asx.com.au/asx/statistics/displ...;idsId=01299946 So, what's holding the sp back? Doesn't Ms M trust the Chinese? Maybe CFE's battle about the final $80M payment is weighing on market sentiment? Link to comment Share on other sites More sharing options...
mercury Posted May 24, 2012 Share Posted May 24, 2012 Arty ..... what has really changed besides the date? Link to comment Share on other sites More sharing options...
mercury Posted May 24, 2012 Share Posted May 24, 2012 Maybe they just want to wait and see how the markets go so they can throw a lower price out there....citing economical reasons. Merc Link to comment Share on other sites More sharing options...
arty Posted May 24, 2012 Share Posted May 24, 2012 One other thing that's changed - in another rotten day overall - is Market sentiment. The announcement brought SDL back into people's minds and some of them decided it was time to take a position. I did too - right in the Opening Auction, but traded the upswing and am now in the market for a slightly larger position lower down. Link to comment Share on other sites More sharing options...
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