mr lewis stated sdl not obliged to pay 15m

Shareholders kill Gindalbie, Sundance merger
25-October-07 by Mark Beyer

Mr Lewis rejected speculation that the lack of a defined resource at Sundance's Mbalam iron ore project in Cameroon in Africa was a sticking point. It had been speculated that this made valuations of the company near impossible.

"I can refute that entirely. There has been no advice from the independent expert."

Mr Lewis said Sundance would not have to pay a $15 million break-fee, which was referred to in the original merger announcement.