There seems to be lots of animosity on here and little constructive discussion.
Of course, Mbalam has lots of uncertainties, by why would RIO and BHP invest billions in Guinea to bring iron ore deposits into production? Of course, they have evaluates sovereign risk. Cameroon is a rather stable country by African standards.
Mbalam can be huge, but lots of work still needs to be done. GBG directors believe that SDL represents a good opportunity to invest in a major asset outside Australia. I am sure Mr Jones, who is chairman of both, has done a careful evaluation about the merger. I am sure he will not throw his fortunes to the dogs!
SDL Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
