IO below $55p/t, page-31

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jmcmillan8

218 Posts.

22/03/15

15:46

Post #: 14957924
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Originally posted by westcott ↑

Hi doudou.

Tell me, why have the Chinese held on to their shares in Sundance Resources down to $0.019? From around $0.44. Around $200 Million's worth of shares at the time I believe.
They are at around 14% owners I believe, not enough to have much control I would have thought.
Why would the Chinese not buy more shares at $0.019 and take their ownership level up higher?
Would it occur to you that the Chinese know that they will be building all infrastructure items for Rail ,Port and Mine? They will most probably be supplying around 50% of workers. They will most likely be involved in owning some percentage of the Mine.
The Chinese will most probably be building the Steel Mill once it has been signed off by Cameroon Government, Posco and possibly SDL. Could be the Chinese take Posco's place.

The Chinese will most probably be involved in building the Road from Lolabe through Cameroon following the SDL Rail line.
The Chinese will most probably be involved in building the Road from Tripoli down through Cameroon, passing close to Mbalam and on through Africa.

The Chinese will most probably be involved in the other Rail line of around 860kls from Port through Yaounde and on to Mbalam and on to Ousso in The Congo Republic to connect the Two countries up with Road and Rail.
Also the Chinese could be involved in the other African Highway coming down through West Africa, through Guinea and Nigeria and through Cameroon down into **on and on down through South Africa.

This is nothing to do with optimism, but mostly facts.

Regards
Westcott.

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who knows westy.. maybe they are buying and will compulsory acquire the whole lot for a pitance.. there will be no sdl in the near future imo.. cash running out. io price supr3ssed by over supply. no finance. 2 massive convertible notes.. whats left for the long termers.. more of the same.. pain.. between a russian and the chinese this will be shared with everyone else missing out..all imo of course.. cant believe this stock warrants any conversation or forum on hc or anything quite frankly.. its a dog and a near dead one at that

SDL Price at posting: 1.9¢ Sentiment: Sell Disclosure: Not Held
6 Upvote

0 Great analysis

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