Please read the latest SDL quarterly report and the following...

Please read the latest SDL quarterly report and the following news from Cameroon.

Biya expected in China

http://www.cameroonconcordnews.com/biya-expected-in-china/

Extract from the above article/link
Quoted
President Paul Biya will visit China at the invitation of the Chinese President. The information was made public by Wei Wenhua the Chinese Ambassador to Cameroon. It would be Mr.Biya’s sixth trip to a country whose volume of trade with Cameroon now stands at 1, 96 billion US dollars.
Ambassador Wei Wenhua told local newsmen recently that “Despite a gloomy global economic context, Sino-African cooperation is performing well.” He revealed that China was helping Cameroon in constructing the Yaoundé-Douala highway, the Kribi-Lolabé highway and the Bini hydroelectric dam at Warack.

Unqouted:

Extract from SDL quarterly report
Quoted

Discussions continue with the preferred contractor but discussions with other EPC contractors and potential funders to advance the Project are also occurring.

The President of Cameroon His Excellency Paul Biya was recently invited to Beijing to meet with President Xi. Sundance is hopeful that this meeting will accelerate the signing of the EPC contract. The timing of the meeting has not been made public.

...It appears that Hanlong and China Development Bank (“CDB”), which is the mortgagee of the Sundance shares held by Hanlong, are close to resolving the ownership position of Sundance shares with them being retained by CDB; and