SDL sundance resources limited

Ann: Chairman's Address to Shareholders, page-6

  1. 2,941 Posts.
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    Obviously the Chairman talks about ANS however it all obviously hinges on the backers of WAPRC.
    The most interesting line to me is:-
    "......that once the right Chinese parties are introduced by AustSino that the Cameroon Mining Convention will be reinstated by the Government of Cameroon. "
    That seems to suggest that either WAPRC are still scrambling to find the backers they need to prove their capacity for this deal or they can't pin their backers down to get it sorted out. Always wondered if this approach was opportunistic by WAPRC however at the moment it is hard to gauge!
    Certainly a lot of people willing to give this plenty of time including Porter and the Noteholders - not many alternatives evident at the moment!!
 
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