sundance deal looms

In today's business section of The West Australian newspaper by Peter Klinger.

Sundance deal looms

Investor expectation is building as Sundance Resources heads to the finish line of a defining period in its eight year history as an African iron-ore hopeful.

With a self-imposed deadline of the end of this month to enter an exclusive deal with one of two parties interested in constructing the rail and port infrastructure for its Mbalam project, Sundance tradng volumes have picked up - almost 100 million shares changed hands over the past week - to coincide with a share price re-rating.

Sundance shares eased 0.5 to ten cents yesterday after running from 8.4 cents a week ago.

Investors are waiting for Sundance to settle on one party for engineering procurement and construction of the infrastructure, which makes up the bauk of Mbalam's estimated $5 billion US budget.