make up your own minds, page-12

Hi mrwr0ng.

Take note of some announcements they have made.
They show clearing for Port Area.They show clearing for Rail Corridor.What else can they do to prepare these infrastructure needs that can be done prior to getting a Convention and Mining permits signed?

Why are they diluting the share price to issue these New Shares?

If the Hanlong hand over is due in November 2012,that is only a matter of around 5 to 6 months.Surely they have enough cash in the bank to get to the end of November?

If Directors are so keen on getting a pay out from Hanlong and the Management are to stay on to run the projects for Hanlong,Why are we being diluted in our investment to the tune of $40,000,000 in extra shares on issue?

Why should Hanlong and the Chinese Government/Listed Companies etc,be financed by Sundance Resources small share holders by diluting our shares to help them survive until they get more cash?

If Sundance Resources Directors/Management want this deal to go through so much,why do they not buy shares on market,out of their own funds and donate the shares to Hanlong?
Most of these people get incentive shares issued to them for meeting progress targets.These shares again dilute our paid for shares.
It would be very interesting to see contracts for Directors/Management to see what their incentive shares are issued for.Is it for performance in the field in identifying new targets,drilling programs done on time,building roads through the jungle.Could it also be to do with drawing up a program to make as simple as possible hand over to Hanlong?Could it be for sourcing more cash for Hanlong to carry on after Sundance Resources Projects are in their hands.
I do not think it likely that Hanlong will get the cash for paying for the rest of Sundance Resources,and also get approval or the cash to pay for the financing of the Rail,Mine and Port Infrastructure at the same time.
Going by past Hanlong take over and joint venture deals,it will be quite some time before the rest of the cash comes through.

Yes Sundance Resources can do this funding for $40,000,000.They said they can do it because of the Company structure for raising cash with out getting share holders permission.
Do they care about the small share holders in doing it this way?

Every thing is being built around looking after Hanlong.Not Sundance's other share holders.

When so many of the Directors/Management do not own any bought shares,they are showing how much they think about the company and its share holders.
They are showing how much they are trying to keep the Company going in its own right.
They have forgotten the blood spilt in getting this Company to the stage of the day of the plane crash.
In who,s interest are they working?

How much is being hidden from the normal share holders?
What are they not telling us? A great deal in my opinion.

If I find out at the November take over date or earlier that they have been misleading in their answers to questions I have asked,I will be looking to take the matter further.
I have kept all correspondence records with Sundance Resources going back years.

At least past Directors/Management have said,sorry we can not answer that question at this time or next question please.At least that was not saying anything that was not announced or that was ASX sensitive information.

Got that off my chest.Sorry to the people who think I ramble on about nothing.

Regards
Westcott.