Sundance Resources expresses "shock" at new MoU, page-120

Sundance Resources (Ed. Note Those
negotiations were suspended on
November 12, 2020) concerning the
Mbalam-Nabeba project. Also, the
expenditures reported by the mining
company are similar to those of
a startup. For instance, the company spent $ 177,000 (about XAF65
million) on payments to various
management personnel and related
parties as well as $88,000 (close to
XAF48 million) on exploration costs
during the quarter ending September
30, 2020, the report informs.
Besides these odd expenditures that
can make people wonder about the
capacities of the company