time is of the essence, page-2

Good post Dtrad. It is always good to play the devils advocate, otherwise we run the risk of just being a bunch of blinded investors, whose vision is clouded by the possibility of making money.

I have had a go at answering your questions below, one which is a negative response, and the other being a positive response.

Q. Why are they struggling to get investors, if it was in Tasmania, they would have a JV by now.

A-: Cameroon is just too risky, and the project has too many hurdles, such as $3 Billion, 500km Railway, possibility of corruption etc. The Board has done their best, but are desperately running out of time, and that is why we havent heard an announcement and possibly won't

A+: The SDL board have been in this situation before, and they are not going to jeapodise it by rushing things. They know the resource they have, and they know there is a demand from strategic partners, so they are taking there time to secure the best deal for Shareholders.


Q. How long until the Cameroon Government Looses patience.

A-: Not long at all, as they are getting fed up, having to wait for an announcement like SDL shareholders. The longer it goes, the less patient they are going to be and the harder it will be to negotiate with them.

A+: The Cameroon Government is involved in the negiotiation process, and know more then we do as shareholders. They can see the wheels are in motion, and are prepared to give SDL as long as they need to secure the deal.


Q. Why does George Jones remain on GBG, but not SDL?

A-: Because SDL is a sinking ship, whereas GBG still has potential.

A+: Because SDL has a major milestone coming up, in the announcement of Strategic Partners, which provides him with the oppurtunity to get out on a high. It will also allow him to leave on a sense of achievement and knowing that SDL are in a great position to move forward. He also may not want to committ himself to the next stage, which is preparing for construction. He may have chosen to stay on GBG, as he may feel he has more to offer, and there are still some things he wants to, and can achieve.


Q. SDL is running out of money, when will they run out.

A-: SDL is running out of money, and they will be lucky the end of the year out, without strategic partners or another share purchase plan. At best the may be able to stretch it out so they can get through part of 2010.

A+: The SDL board are aware of the money situation, however they are confident of securing stategic partners, so they are not concerned about running out of money, because they know that they will have sealed the deal by this time.


I hope my answers are of some assistance. I guess it is up to each of us as indivual shareholders, to decide which answers we want to beleive.