This project will in itself account for 6% of Cameroon’s GDP and 15% of Congo’s GDP, you would think there should be an easier avenue for a Country to secure funding for infrastructure rather than a company, in addition, their is significantly more motivation to get the project going..
SDL don't have to worry now about the burden of the extra Capital cost and trying to secure the finance in such challenging times, sure there are loses like such as using the rail as a potential revenue stream, but they have already gained through other areas, they can now concentrate on the mine development and expanding the companies prospects through acquisitions along the rail corridor in the longer term...
SDL Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held