Australia's largest stock trading and investment forum Australia's #1 stock forum

SDL

Click for more information

0.00%

0.6¢ sundance resources limited

Quarterly report due in April 2017, page-38

First 38 Last

Share
Profile

Follow
Lion2009

980 Posts.

27

11/04/17

14:53

Post #: 24002043
Share

Originally posted by westcott ↑

Hi taboon.

I am still not convinced that The Cameroon Government will pull out of the deal with Sundance Resources Limited in July 2017.
May 23rd 2016. Nabeba Convention passed into law. One page announcement with the fact that, Nabeba in The Congo Republic holds approximately 70% of our DSO iron ore Reserves.
I have said on numerous occasions that Mbalam in Cameroon, needs the iron ore from Nabeba in The Congo Republic to be viable as an exporter of iron ore and viable as a mine site in Cameroon.
My thoughts/opinion are that Sundance Resources Limited will have to, run out of cash or be made a take over offer for the overall projects to carry on as a viable proposition. Both projects rely on each other.More so Mbalam needs Nabeba.

Regards
Westcott.

Expand

Hi Westy,

I think your logic is correct!
My honest view is that Sundance will be taken out of the picture and someone else take over the project.

SDL Price at posting: 0.5¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

SKS

SKS secures $20M for extension works on Melbourne data centre

GDP grows 0.2% in June quarter, but annual growth the slowest since the 1990s

EBR

EBR Systems' heart pacing device on-target to reach the US market

BOE

Boss Energy ramps up as industrial-scale plant build continues; FY25 guidance of 850Klb intact

Is the ASX getting its groove back? Here's 5 IPOs in September to watch

There are more pages in this discussion • 72 more messages in this thread...

First 38 Last

Add SDL (ASX) to my watchlist