Ann: Sundace Further Expands Drilling Capacity , page-7

re: Ann: Sundace Further Expands Drilling Cap... PVB, I will have a go at providing you with some answers:

1. Most shareholders were expecting an announcement on strategic partners last year, however it has been delayed, so this has impacted the direction of the share price.

2. With news probably 6 months away yet, people are thinking that there are better short term oppurtunities to invest in.

3. With such a big project, the prospect of further delays, and the possibility of not being able to secure finance has impacted shareholder confidence.

4. There was some concern as to how the additional $85 Million was going to impact current share holdings. Some were expecting dilution, while others believed it added value to the company

5. Some are uncertain as howw the Cameroon Government will handle more delays, as they have indicated they want things to start progressing sooner then later.


The above might help explain the recent sideways movement, however if you are looking for positives as a reason to purchase, then you may like to consider.

- The recent appointment of the Deutche Bank
- International investors are prepared to throw $85 Million at the project at 15c
- Drilling results to come in the near future
- Ken Talbot Factor
- Potential of the project
- Recent recruitment drive