Ann: Trading Halt, page-43

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serena

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24/07/17

11:14

Post #: 26038611
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Originally posted by johnwick ↑

oh Boy ...

This is a trigger event ...

Here is the whol section i am using google translator for you so u can understand to read the whole thing and not bits

Exploration Permit 92 Update (EP92) As reported when the Transition Agreement was signed in mid 2015 between Sundance’s subsidiary Cam Iron SARL (Cam Iron) and the Government of Cameroon, Cam Iron had nine months to get a funding commitment for the mines following funding commitment being received by the Cameroon Government for the Port and Rail infrastructure. As the Government has yet to get funding commitments the nine month period has not been triggered for Cam Iron. EP92 which holds the Mbalam deposit is due to expire on 23 July 2017. The renewal for the permit has now reached its limit pursuant to the 2010 mining code. The Cameroon Government is supportive of finding a method for Sundance to maintain ownership over the land that holds the Mbalam deposit. The following alternatives are being considered:

An extension of the existing EP92 Exploration Permit and Convention long stop date for a further two years;
A modification of the boundaries of EP92 to create a new, smaller Exploration Permit which still covers the Ore Sundance has identified, and covers continuous tenure over the land required for the rail and mine infrastructure. Sundance could then relinquish some of the tenure area to allow others to explore in the area; or
A granting of the Mining Permit application already in place which is permissible under the existing Mining Code. Meetings will occur between Sundance and the Cameroon Government over the coming quarter to find an acceptable way forward.

now i know how it feels to have a weapon in the wrong hands ... faceplant x4

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Why not wait for the announcement on Wed rather than you keep attacking Wescott and other long-term suffering holders in this forum. Why? Answer: Because you are aware of the good news is coming on Wed.

SDL Price at posting: 0.4¢ Sentiment: Buy Disclosure: Held
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Ann: Trading Halt, page-43

Top Stories

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Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

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Microcap Wrap: 5 explorers with news out today

ChemX Materials kicks off first stage works at WA high purity alumina pilot

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