SDL 0.00% 0.6¢ sundance resources limited

Ann: Market Update, page-126

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  1. 2,861 Posts.
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    And which "massive Iron Ore play" is that?? The Cameroon convention has lapsed and your chairman's own words state they are working toward being "in a position to re-engage with the Government of Cameroon to work towards a renewal of the Mbalam Mining Convention." (So presumably not even currently in talks)
    Hope somebody doesn't beat them to it (Noting that the Cameroon Gov had previously requested details of project financial backing to renew!!)
    That leaves the Congo. Unfortunately no value can be attributed there as no work has been done to assess the feasibility of the Congo tenements as a stand alone resource!!
    If the ASX allow trading to recommence under these circumstances it will be most interesting what the market makes of it
    Hope for holders sake something a bit more positive about Mbalam renewal will be forthcoming soon. Looks like it will need to be another (or same) white knight...................
 
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