Taboon, That opportunity came and went years ago with the...

Taboon,

That opportunity came and went years ago with the Hanlong offer.

SDL have been in survival mode ever since, that is why they offloaded the Port & Rail back in 2015 with the express hope that the Cam Govt could get finance. Its been three years and they cannot. Lending to any Govt should be an easy task, but the Cam Govt has been unable to secure financing for the project. That should tell you that financiers including the Chinese are not getting behind this, because the demand is simply not there and they lack confidence in the Cam Govt to repay a very large loan.

The adverse risk upside is massive and will only be de-risked once full funding for Port & Rail is achieved.

I think there is future opportunity with this project, but it is still a way off.