Cameroon is close to a final agreement with the Chinese railway Mbalam-Kribi, page-40

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donedeal

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25/12/15

18:10

Post #: 16686043
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Originally posted by Matt747 ↑

Hi donedeal, not at all.

My key message is that after what could be up to 2 months of mine equity / funding process being driven by the Cameroon Government, an outcome could be imminent.

I take all real world data into consideration when assessing the bigger picture. Just like some who may choose to roll the dice based on what they may find in the quarterly. Different strokes for different folks I guess.

IMO, the Friendly Country would hardly be bothered by any destocking theatrics out of Qingdao or Tianjin.

If India is the Friendly Country referred to in multiple SDL releases to the ASX (I suspect so), who just 6 months ago anounced she aims to treble steel production by 2025 by investing U$46 billion to build new steel plants and who just pulled the plug on an Afghanistan IO project with a U$11-billion budget (citing security risk), then no amount of destocking driven IO price volatily will deter India (with a multi-decade plan to urbanize).

There is no lack of money or political will for India to invest in iron ore.

China's anxiety is evident in Doubling the incentives offered by India to $5 Billion (for the rights to explore Wologisi in Liberia)

http://www.wsj.com/articles/india-s...-steel-production-capacity-by-2025-1433172500

http://www.miningweekly.com/article/india-afghanistan-wont-pursue-mining-steel-project-2015-11-27

Cheers, got a Xmas barbie to go to.

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Hi Matt747

Thanks for the clarification, hope the barbie went well.

cheers
donedeal

SDL Price at posting: 1.2¢ Sentiment: None Disclosure: Not Held
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