Previous articles on the allAfrica website have talked about the Cameroon government extending the date to complete the conditions precedent to the Mbalam Convention to 30 June 2015, and that ... "Failure to achieve the conditions precedent prior to that date will, if no further extension is granted, result in the cessation of the Mbalam Convention which may be considered an event of default as defined in the various convertible note deeds in place."
Does anyone have any comments on the likelihood of this outcome / has anyone spoken with SDL executives and received absolute confirmation that a further extension has or will be granted?
Appreciate any feedback.
SDL Price at posting:
2.2¢ Sentiment: None Disclosure: Held
