Mbalam-Kribi railway: Minfi signs the budget sustainability opinion, page-91

Hi pe981 - so goodquestions/points here.

My thoughts on some points youmention - I believe the WAPRC 100M placement will happen this quarter. This will give Ding majority interest in the companyand ensure the top 20 SH have control. This will ensure there can't be a hostile TO (something that look possible with the current allocation of shares but i haven't seen an updated list) andIMO ensure that there will not be a TO and we relist. I believe ANS willreceive a % of the profits for the duration of the 25 year lease +revenues from the port and rail. What % i am not sure... I don't know how you would structure such a complex deal with many hands in the pot. One would presume whenthe region is unlocked there will be plenty of profits to share with allinvolved in the development tho.

Ding is definitely acting like abroker and this is needed to unlock the West African IO region. With noinfrastructure, it is going to take someone to put together a strong collectiveof companies to unlock its full potential (China Railway Construction Company, Yantian Port Holding, Shanghai Tsingshan Minerals, Metallurgical Corporation and China Harbour Engineering Company). Thats a pretty good list thus far.
As you stated it is a veryexpensive and tedious process and as such the ROI needs to beappealing for this is occur.

We all know ANS hasn't got the runs on the board, but Ding has the foresight (and network) to get this project up and running. All three governments also want this project running ASAP so as previously mentioned the stars have aligned.

China have definitely be playing the long game, i have no doubt about this.

IP - Cameroon government has the IP not SDL as other posters have implied. IP is easily transferred to whom ever has the mining permits. New feasibility report has been done and signed off on *(this would be a barebones FR more focused on funding the project). Port/Rail permits I would presume are in the new MOU.

I am not going to comment on the SDL saga.

A lot will come to light this might i think, plenty of speculations but we love low cap speculative stocks for this reason.

I have read some of your other posts and you have some very insightful posts - what are your thoughts on how this plays out for Ding/ANS/Cameroon/PRC ect?