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qball

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26/06/15

13:34

Post #: 15536457
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Originally posted by BLUTO ↑

Hi Westcott,
went to edit my post but went over the 3 mins,this is what I meant to say:
Firstly I truly believe that the Government should own and build the infrastructure, that will then give them a better say in the development of the region. Having said this that would mean that Sundance will miss out on about half a billion dollars a year income. Is that potential income worth anything? Absolutely, do I think that Sundance will be compensated for it? No way.
Now once the government moves away from Sundance & MotoEngel towards the Chinese SOE, well I believe that will be the beginning of a very slippery slope that will see the Mbalam & the other Camaroonian deposits eventually stripped from Sundance all together. Hanlong's involvement with Sundance has taught me two things, You can't believe a word that they say(I'm not elaborating on "THEY"), and that the Sundance board do not have the ability to put this project to bed.
So that's a very negative thing I know, but that's how I see it.
So if the Camaroonian Government announce that they are going it alone with the rail & port using the cash and expertise of Chinese SOE's WITHOUT compensating SDL appropriately, then I'm selling the piddly parcel that I have left. Opposite story if they announce a compensation package. I believe that Sundance is on a razors edge right now, and her fate sounds like it rests in the hands of people who have nothing to do with Sundance.
GLTAH

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Good assessment Bluto.

Probably explains why the SP is doing nothing and the volume is so low despite seemingly such a crucial juncture imminent. Even those involved don't know exactly how this is going to be played out.

GLTALTH's

SDL Price at posting: 2.2¢ Sentiment: Hold Disclosure: Held
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Cameroon, page-32

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