Hi Dugsab, this is an excellent post.
Sundance (as per GC's remarks at ADU - certainly no slip of the tongue) is selling down (as a STATED strategy) a stake in the trans-central-African EPC infrastructure (as a long term regional infrastructure business - as opposed to the Mbalam-Nabeba IO mines in the case of Hanlong) .......has IMO just China the best camouflage for the legacy problem and questions of the original Hanlong bid.
China can - IF China is the ultimate victor (without confronting the embarrassment of the previous NDRC heist) now publicize and distinguish the deal to be a regional infrastructure deal.
I think the sale of the mine (stake at whatever level) is intricately linked to the EPC infrastructure sale (invariably) but it would be logical for that to take place subsequently.
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