convention agreed, page-19

Hi (baukaw).

Read Reuters.com artical today.

Hanlong needs to secure approval from Australia's Foreign Investment Review Board by June 30 and line up funding from China Development Bank by August 31,which is seen as the biggest challenge.
The Bank has said it is waiting for Congo and Cameroon to seal Mining Agreement now in hand and waiting for approval from Australia now expected to come through.

At least one Chinese source has said China Development Bank is nervous about making big investments in the current uncertain global environment (especially when it involves a Privately Owned Chinese Company).

These doubts have kept Sundance shares,last at A$0.40,trading well below the value of Hanlong's offer of A$0.57.

Regards
Westcott.