Hi talks,
I believe Cameroon is following China's orders.
Most of the projects in cameroon are carried by chinese companies, financed by exim bank. Read the link i posted earlier.
SDL is unfortunately trapped in the middle of this political games played by china.
We need to wait and see what price SDL will sell the 51% stack to china. Hopefully is north of $100m, that will re-evaluate SDL at much higher price.
On the other hand, i am less confident because china let the chairman take approximately 20% of the company at 0.6 cent. That bothers me a lot! If china wanted the project, it would of paid him out increased its stack.
There are a lot of secret deals happening under the table i believe. Board directors may not be working for the company!!
SDL Price at posting:
0.6¢ Sentiment: None Disclosure: Held