Hi pe981.
No problem with you giving your opinion. It is the group of traders coming on here posting negative all the time when it suits them to try to trade and push the price lower to buy. Their story no matter what has been announced is always the same sentiment on the funding and the project.if they are trying to short the stock.
Fortunately some of us can see the group working to short the stock. Not all of them comment on here. Some have not posted for quite a while.
Some of us, are still doing due diligence on the projects and SDL. Some talking to Management, not just me.
Finding items of interest from Cameroon sites at times that are not on main stream news.
If Cameroon Government and SDL do not get funding, the whole area will not go forward including Core Mining, The Chinese group at Nkout and the Equatorial Resources Badondo Project. Even Belinga is a short chance of ever coming to production if the Cameroon Infrastructure dose not get built.
Research how much cash is being spent on New Roads from Yaounde to Mbalam on into The Congo to Brazzaville. Rail Line is suppose to be built following the same route. Road in the process of being built now.
New Road being built from Nigerea through Cameroon into the area close to Mbalam, it is being built now.
Kribi Port part one built, Funded by EximBank of China. Highway from Douala to Kribi and on into Lolabe in the process of being funded by EximBank of China, just waiting for funds to be released.
Kribi part Two parties to build and run have been picked and Chinese looking to fund it.
Chinese like High Grade Iron Ore, why would they not be interested in funding stage Three to Lolabe, the end point of these projects. Chinese in my opinion have made it clear they want to fund all of the Ports in Cameroon as part of their World Silk Road/Ports projects.
Read a report from September 19 2015 titled, What crises? 16 of China's biggest projects in Africa - it's all billion dollar territory in here.
http://mgafrica.com/article/2015-09-18-multi-billion-deals-chinas-27-biggest-a... sorry the rest I cant see.
Also.
http://mgafrica.com/article/2015-09-08-china-investment-in-africa-the-myths.
China's investment in Africa isn't what you think, and it's not mostly with rogue' states.
First line. China makes up just 3% of total FDI on the continent, and even South Africa invests more in the rest of Africa than it does. That is China's overseas direct investment they are talking about (ODI)amounts to $26 billion to end of 2013.
This figure amounts to about just 3% of total foreign direct investment (FDI) on the continent.
UNCTAD's found during 2013-2014 Chinese FDI WAS 4.4% on the total to the continent.
European Union countries led by France and the UK are overwhelmingly the largest investors in Africa.
The US is also significant and even South Africa invests more than China.
Opens up the eyes about Africa and China.
Regards
Westcott.
