Today's West Australian states that Sundance are in talks with overseas investors to finance substantially more than the current $16.6M that they currently have. They want the cash to take them through to the completion of the BFS and for more drilling in the Republic of Congo.
The talks are being conducted via the London office of Renaissance Capital.
This is on page 42.
Not sure if its good or bad but from this, for what it's worth, it doesn't sound as though existing shareholders will be included.
SDL Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held
