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Short interview with GJ, page-16

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Samson2158

331 Posts.

09/06/14

21:16

Post #: 13502499
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Originally posted by pikapika ↑

Hi Samson

It really sounds very positive. If you have a look again on the Mota Engil appointment announcement:

"Standard Bank has already held discussions with a wide variety of potential funding partners
and has received several expressions of interest from Export Credit Agencies and Development Finance Institutions. In addition, expressions of interest have been received from Insurance Agencies who will provide protection for the commercial banking tranche.

The result of these discussions is that there is considerable support for the Mbalam-Nabeba
Project from the above-mentioned institutions, including Western and Chinese providers of
project equity and debt capital.

Sundance has commenced work with Standard Bank and Mota-Engil Africa to convert the
indicative term sheets to credit-approved term sheets by the end of this calendar year, with an
aim to achieve Financial Close by mid-2015 once all conditions precedent are satisfied."

So the Chinese are still in play.

Cheers.

Pikapika

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Yes agree Pika,

The Chinese are DEFINITELY still in play

Cheers,

Samson

SDL Price at posting: 8.7¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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