This is my sad prognosis of SDL. The current MOU is last dying...

This is my sad prognosis of SDL.

The current MOU is last dying attempt by SLD to try and convince the Cam Govt to extend the Mbalam Convention.

"On 31 July 2017, the Company announced it had reached an agreement with the Government of Cameroon (“Government”) to initially extend the Mbalam Convention (“Convention”) by 6 months to 26 January 2018, with a further 6-month extension being available if Sundance could show substantial progress on funding the Project either by itself or with a credible partner."


"Sundance, Tidfore and CCECC met last week with representatives of the Government in Cameroon to outline their proposal for the development of the Project. The Government is yet to determine whether it will grant Sundance the further extension of the Convention."

They have failed to show 'substantial progress' on funding the project. This MOU does not qualify for that. They have signed other MOU's in times past with the same outcome. No financing!!!

I may be wrong, but I think we are witnessing the 'Swan Song' of SDL.

Long overdue in my opinion...