..."IMIC's bid promises to resolve the infrastructure problems that have held back Afferro's flagship asset, the Nkout iron ore project in Cameroon, through a separately secured partnership with a subsidiary of China Railway Group"....
Looks like China will move on SDL pretty soon. The Chinese are going to takeover the whole province. Without SDL, the infrastructure can't be justified. The Chinese aren't in the business of building railroads for Western mining companies or Indian steel mills either.
Interesting SDL sp movement with close of trade co-inciding with Afferro media release.
SDL Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held