"Litigation Funding Sundance is currently seeking proposals from international litigation funders familiar with funding actions of the kind Sundance and its subsidiaries will need to initiate against Congo and Cameroon if the disputes cannot be amicably resolved by negotiation. "
So they are looking for someone to fund this who would take a cut of any payout.
Litigation funders will only support a case that has a very good chance of success. It will be telling whether they do or do not get funding.
Watching from a distance on this, it sure looks like games have been played with SDL over the past two years with the loss of the mines the end goal. Noting that that Porter and the noteholders are losers in this.
SDL Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
