IF I EVER NEEDED ANOTHER REASON TO HOLD ON TO EVERY SINGLE ONE...

IF I EVER NEEDED ANOTHER REASON TO HOLD ON TO EVERY SINGLE ONE OF MY SDL SHARES FOR DEAR LIFE !

Why has the Cameroon Government (refer to Dec 1 post on Hotcopper) suddenly around 2 months ago seized the responsibility from Sundance for driving the mine equity (sale) and financing ?
- In ADU presentation the mine equity sale was inferred to be 50%.
- In SDL Annual Report, it was revised to mine equity sale of a SIGNIFICANT stake (but unquantified)

Why China (in the trough of the worst iron ore price cycle) spends $5 Billion just on incentives for the rights to develop a resource (never properly explored let alone having a world class JORC definition as Mbalam-Nabeba) ?

What has been so frustrating for the Liberia government that China and India (perhaps with UNFINISHED business elsewhere) still hasn't resolved the Wologisi tug of war ?

Did Cameroon Government step in to drive the mine equity (sale) and financing for Mbalam-Nabeba because out of frustration it decided to play the role of interpreter between China and Sundance...LOL

http://www.inprofiledaily.com/?q=article/dedicated-delegation-arrives-wologisi-chase

Dedicated Delegation Arrives -For The Wologisi Chase

Aug 03, 2015

Commuters and vehicle operators, private, official and commercial, assumed that either President Ellen Johnson Sirleaf, or Vice President Joseph N. Boakai was within the vicinity but on the contrary that was not the case.

The brief road block which guarded the entrance of the Palm Spring Hotel was meant to provide a Chinese delegation en route from the Roberts International Airport the courtesy to enter the hotel under full police escort.

Credible information gathered recently in Monrovia from sources within government indicated tense progressive negotiations involving some officials of the Ellen-led regime and their Chinese counterparts, aimed at ensuring that a Chinese company wins a bid to operate the Wologisi Mountain in Lofa County.

The In Profile was hinted that a seven-man Liberian delegation headed by Minister of State Without Portfolio, Sylvester Grigsby, recently visited China to strike the deal.

Accordingly, other members of the Liberian delegation included one Jake from the National Oil Company of Liberia, the Deputy Chief of Office Staff to VP Boakai, the Special Assistant to VP Boakai, the Commander of the EPS assigned to VP Boakai, one Monbo from the National Social Security Corporation, and one Gus who is said to be Economic Advisor to President Sirleaf.

Sources also claimed that if sealed, the Chinese have promised US$5b investment package once they are awarded the bid to exploit the Wologisi Mountain.

The US$5b investment package is said to include a road infrastructure, a new airport and a newer 250 Megawatt Hydro in Liberia.

Granted another Chinese company wins a bid, this time for Mt. Wologisi, two Chinese companies will be noted for exploiting mountains in Liberia under the Unity Party-led government.

Currently, it is recalled that China Union is operating in Bong Mines, Lower Bong County, but its operations have often been threatened by intermittent go-slows due to alleged bad labor practices.

Meanwhile, the presence of the Chinese delegation in Monrovia suggests a return leg of negotiation on the deal as the delegation has reportedly been expected based on invitation from GOL's chief negotiators.

In fact, sources within government confided in this paper that this is a 'dedicated delegation' especially brought on to speed up the process so that the deal is done before the term of this government expires.

This latest development regarding the Wologisi chase has created an uncertainty as to what happens to Jindal, an Indian giant steel company which President Ellen Johnson Sirleaf once led a huge Liberian Government delegation and toured its facilities in India, thus giving the company the impression to negotiate and to take over the exploitation of one of Liberia's endowed mineral sites.

The deal involving the Chinese and top Liberian Government officials is being revealed at the time the 2017 presidential and legislative elections are less than three years away to transition from one civil administration to another.