SDL 0.00% 0.6¢ sundance resources limited

Are the Big 4 doing SDL a favour?, page-9

  1. 693 Posts.
    Why couldn't SDL have negotiated a line of credit with Standard Bank of Africa for 20 to 30 mill for working capital. After all this bank has a vested interest in seeing this project get up. namely fees etc off the 3.5 billion financing deal it is overseeing for the port & rail not to mention the mine itself. This is small change. Also SDL could have offered a deal to Cameroon & Republic of Congo Government's giving them more equity in the project for the future benefit of their peoples. Instead they have given away a big chunk of the project to an outsider for peanuts. We are now all worse off, especially the people of yhose two countries. Amazing !
 
watchlist Created with Sketch. Add SDL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.