Hi Zxc.
I told them I was not interested in giving them a list of most often asked questions,that would be looked over by them and certain questions and answers would be put on their Internet site that they chose.
Would we gain any insight or knowledge from such a list?NO.
It is obvious that questions would change as time went by.
Questions I asked in my earlier post should be announced to share holders,as they have changed tack on what they announced they would be doing.
They should be telling us why they have changed plans that were announced to share holders.Nothing price sensitive to worry about if there is a good reason.
A $2 million spend in the field is low for 3 months time period with 4 drill rigs and a few hundred staff in Cameroon and The Congo.
They must be sitting back waiting for the end if that is all they have spent in the field.
Planned drilling at Meridoinal and Metzimevin I feel would have come up with very good results.That would have put the deal with Hanlong into a share holder revolt,even more so than it is at present.
If every thing goes through as Directors and Management want with Hanlong,it will be interesting to see what the situation will be in 3 to 5 years.
If Hanlong or other Chinese get Sundance,they will be announcing huge resources of iron ore at the tenements in the next 12 months.They will want the world to know how big it is.
Most small Iron Ore companies go flat out to pump up their resource figures and future revenue returns at give or take 10 to 20% of to-days iron ore selling prices,NOT SDL.WHY?
Most are drilling as fast as they can,with as many drill rigs as they can afford to get the interest of the Big Boy's.
Sorry,losing faith with this board very fast.
Regards
Westcott.
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