Last sentence i like and hope you are on the ballBRING IT ON ANS...

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21/11/19

09:27

Post #: 41547050
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Originally posted by Praetor: ↑

...now that’s not really true is it Serena?

Copied from a previous post by Devous (with thanks)...

https://www.investiraucameroun.com/mines/2210-13425-fer-de-mbalam-l-australien-sundance-resources-espere-parvenir-a-un-nouvel-accord-avec-le-cameroun-avant-juin-2020

“Australian junior miner Sundance Resources and AustSino have decided, on October 22, 2019, to extend until June 30, 2020 the deadline for the finalization of their shareholding agreement on the project of exploitation of the deposit of Mbalam iron, in eastern Cameroon.

The two companies hope that before that date, Cameroon will reach a new agreement on this mining project, led for years by the Australian Sundance through its Cameroonian subsidiary Cam Iron.

The agreement binding the Cameroonian government to Sundance on this project has lapsed since March 2019. Sundance has hoped for an extension of its rights on this iron deposit in search of investors until June 2019, but the Cameroonian part did not grant this wish.”

. ******************

...and thanks to Devous for indulging me the liberty to copy-paste his words here, alongside the article link above;
“In fact, the agreement between the two companies provides for the sale of Sundance's majority stake to AutSino, which will then be responsible for developing the Mbalam mining project.”

All you have to do Serena is wait for the freshly signed Mbalam Convention. That’s the goal here. Shouldn’t be too long now - in my opinion.

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Last sentence i like and hope you are on the ball

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ANS Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
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Last sentence i like and hope you are on the ballBRING IT ON ANS...

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