Revisit old news and require update from the board in regard to status of Mbalam-Nabeba Iron Mine Supporting Railway and Port Project in Cameroon.
http://www.chinadaily.com.cn/m/gezhouba/2015-09/09/content_21831112.htm
Updated: 2015-09-09
China Gezhouba Group of Companies (CGGC) winning bid of Mbalam-Nabeba Iron Mine Supporting Railway and Port Project in Cameroon
Sundance Resources delayed by China Gezhouba Group Company's unsigned contract
- JANUARY 13 2016
http://www.smh.com.au/business/mini...mpanys-unsigned-contract-20160113-gm4x04.html
Extract from the above link
"The selected EPC contractor advised that it continues to support the project but has requested a postponement of the contract signing until market conditions improve and progress on their [Cameroon government] financing is more advanced," Sundance said.
Unquoted:
Since the iron price has surged to $90 and above, the board needs to update us in regard to status of Mbalam-Nabeba Iron Mine Supporting Railway and Port Project in Cameroon.
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