Takeover, page-76

Is this an accurate summary? If a naive simplification, please feel free to add detail:

- Cam Iron (SDL) has a mining permit application lodged over the EP92 area
- It has until 14th Sept to prove to the Cameroon govt that it has secured the partners to fund the project and build the port/rail infrastructure
- Tidefore is that partner (with its Chinese resources), and are currently being offered 51% of Cam Iron
- SDL own Nabeba permit regardless
- Should the Chinese decide not to commit, SDL lose the permit and have nothing??

Would it make more sense for the Chinese to have this collapse and then apply for the permit themselves?

There are MoU's beteween SDL/Tidefore in place but they are not legally binding and Ive invested in MoU arrangements before and been punished when they dont eventuate.