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28/01/16
09:59
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Originally posted by Up2Date
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“With the proceeds of the Offer and the
costs reductions referred to below, if no more than $2.25 million is subscribed by Shareholders or taken
up by the Underwriter, the Company expects it will have sufficient working capital until early 2017. If
however, the rightsissue isfully subscribed by Shareholders, Sundance will have sufficient working capital
to last until December 2017.”
There is some hope if company can survive until end of 2017. Seven year commodity cycle expected to swing Q4 this year (IMO). It is for Cameroon’s interest their govt will do everything to get EPC contract and port and rail funding.
Its a high risk stock no doubt but at these level there are some hopes.
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No hope required Up2Date
Giulio has already told us that THIS WILL HAPPEN !!!
Unfortunately he has thrown the baby out with the bath water.
And all shareholders are to be left with, is an empty bowl.