A few things to ponder over and get the mind working.
Rio Tinto.Rio Tinto has extensive greenfield opportunities for the next generation of projects.Gabon is one.Remember I have spoken about two tenements near the border with Cameroon. Iron Ore of Canada is a Rio Tinto Subsidiary. IOC supplies 4 key product types,Concentrate,Acid pellet for Europe,Flux pellet for North America and Low Silica pellets for Asia and the Middle East.
IOC has a fully owned and integrated mine,rail and port infrastructure which is easily expandable.This is in line with Rio Tinto's strategy to invest in those valuable growth assets with optionality and expandability.
Truly Greenfield opportunities in Brazil,West and Central Africa,India and New Zealand.In Africa we now have active "on the ground"exploration activity in Mauritania,Guinea,Cameroon,Gabon and the DRC.
Did you notice IOC (subsidiary of Rio Tinto) have exploration activity on the ground for iron ore in Cameroon as well as in Gabon.
Robin Marshall (SDL non executive Director) Experience in major resource projects with,Vale Inco,Goro Nickle,VP Development,BHP Billiton Iron Ore,North Ltd,West Angelas iron ore.(Project Director,Iron Ore of Canada = CIO),Forestania Gold/LionOre,and WMC.
Rob Longley and Barry Eldridge are ex Rio Tinto.
Gas an important advantage for DRI process is to be located near low quality gas.The use of second grade gas,avoiding the installation of gas refiners provides an important cost advantage. Therefore DRI will be produced by low energy cost and gas rich countries.It will continue to compete against pellets which represent nearly double the market for DRI and main markets in high recycling areas such as Western Europe and North America.Sundance can produce DRI and Pellet feed. The LNG Plant and terminal buildings are the closest buildings to SDL's Lolabe Port infrastructure.
Rail service road will be constructed adjacent to the rail line,said ESA Report.
Sundance preferred funding strategy for the transport infrastructure is for third party design,construction and financing.This would move this funding off balance sheet and leave the Company with a much reduced financing obligation.
The 1% break free amount of equity value of Sundance applies if there is a change of recommendation by the Subdance Board,Sundance materially breaches the SIA,there is a Superior Proposal or a Prescribed Event or Material Adverse Change which is within the control of Sundance occurs and is not rectified.Only payable during the second phase.
Termination.If the scheme has not become Effective on the End Date.
Sundance Board changes its recommendation or there is a material breach of the SIA.
The resolution submitted to the Scheme meeting is not approved.
If a person other than Hanlong acquires a Relevant interest in more than 12.5% of the Shares. If Sundance receives a Competing Transaction it must provide notice to Hanlong,who shall have 3 business days to match the Competing Transaction.
If the Independent Expert concludes that the Scheme is not in the best interest of all Shareholders.
If any condition precedent is not satisfied or waived.
Regards Westcott.
SDL Price at posting:
41.2¢ Sentiment: None Disclosure: Held
