some lateral thinking please!!!

Now that the Hanlong deal has fallen over (long overdue) it is now time for the Board to exercise some lateral thinking, otherwise move over and let others take up the reins. There are many other options other than just a direct sale of the Company and IMO a JV development option needs to be now seriously considered. This could include potential offtake partners (Chinese or otherwise......maybe India) providing some of the finance for Project development and even the Cameroon and DRC Goverments taking some Project equity in exchange for favourable tax concessions or where their equity could be directly financed by a World Bank affiliate such as the IFC. SDL will probably need to let go at least 40% project equity. Changes will also need to be made to the Board in support of incoming JV partners equity representation and experience in taking the Project forward.