They were in China for some Iron ore Presentation at the end of April,start of May.BRM were also in China for this Presentation. Could be talking to interested parties as well. From what they have said about the very much lower quote from the Chinese for building the infrastructure,I think it is definitely going to be built by the Chinese.
The Chinese wanted to finance and build the whole port,rail,power,gas,road and communications projects in Cameroon.
If you look at all the other resource up dates,getting the Congo tenements,preferred builder of the iron ore Port.None of them has been deemed trading halt material.
I personally think it is about more than just a normal resource up date. It has to be a huge amount of extra resource I would think to be classed as being worthy of a trading halt. Otherwise there must be some thing else to announce as well.
I think it could be leaking out and that is why they have called a trading halt so they are not pulled in by ASX to explain why the price is going up so quick,especially if it jumped another couple of cents to-day Friday.
Regards Westcott.
SDL Price at posting:
13.0¢ Sentiment: None Disclosure: Held
