SDL (ASX) Announcement Due.

Originally posted by cabmerlo ↑

July 2015 Casselo dumped the infrastructure components onto the Cameroonian Government.
Since then he has announced very little except to say negotiations are continuing and that this was the BEST decision for the shareholders.
1 year and 9 months later how has this been beneficial for a single shareholder ??

An announcement is long overdue as to where Sundance truly stands regarding the Cameroonians/finance, his efforts for finance regarding the mine, and what he is doing in regards to EP92 come July.

The only announcements released to the ASX are regarding the rediculous renumeration packages.

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Hi cabmerlo.
As I keep saying, all projects are tied into each other.
Mine planning and iron mining in Mbalam coupled with the construction and operation of the mining railroad line in Mbalam - Kribi. This project is being developed in part within the ZIP for the road construction project between Lele, Ntam Mbalam in Cameroon and Souanke in Congo. From African Development Bank Group Environmental and social impact assessment (ESIA).
Lolabe-Kribi Edea highway.
CHEC technicians and their Cameroonian counterparts say the project will be delivered in the second half of 2018. On a trip to Beijing on June 19 to talk of construction and operation of rail and mineral port Lolabe both in Cameroon.The Chinese financing commitment obtained by Prime Minister Philemon Yang still has to be defined and initialled by officials of both countries which could take another six months. Now we will focus on the financing of the mining portion of the project.
Now that there is support for the project infrastructure will also allow Sundance more easily find a partner in the Middle Kingdom, according to this China connoisseur., the Asiangiant would (not fund the infrastructure part of the project without support its mining component. Sundance has to raise the funds necessary for its Mbalam mines in Cameroon and Nabeba in Congo in the nine months following the agreement between China and Cameroon for infrastructure.

The Corridor Partnership, Southern Cameroon.
The key components of the corridor are, 1. The backbone of the corridor is a 510 km iron ore railway dedicated to transporting iron ore from the Mbalam iron ore mine.
2. Is the Kribi deep seaport. The other infrastructure projects within the perimeters of the corridor include. The 575 km Sangmelina- Ouesso highway which is vital to the Central African regional integration dynamics that connect Yaounde (Cameroon to Brazzaville Republic of Congo). (Goes through Mbalam).
The Chollet hydropower dam. The Memiveele hydropower dam and the Kribi-Lolabe highway and the Kribi industrial deep seaport complex.
Chollet is close to Souanke a little East of Sundances Mbalam project.
Enough for now.

Regards
Westcott.