That is exactly why I want to see the offtake agreement ASAP, so we can start hearing about the other stories unfolding.
You can't expect SDL to try and firm up a JV agreement for Mbarga/Nabeda, all whilst promoting to the market that their potential iron deposits can add alot of value to the company on top of this main Mbalam project. We know how this would end up (finance companies settling for nothing less than 50% of production across the whole Sundance-owned tenenements , as opposed to the Mbalam project)
So yes I am very eager for finance news to be released. Having said that, obviously I am prepared to wait a few months for a vastly superior deal. Unfortunately I am very much expecting news to come later than June, I'm thinking July/August.
SDL Price at posting:
36.0¢ Sentiment: Hold Disclosure: Held
