The price of iron ore dropped and reached an all‑time low in early 2016. This created funding difficulties for Sundance and seemingly was the cause of some reluctance on the part of the Cameroon Government to extend the Mbalam Convention
In August 2018 there were discussions between Sundance and AustSino about a plan by Mr Ding to bring together a consortium of Chinese companies to work with Sundance and AustSino. The plan included taking members of that potential consortium to Cameroon for Mr Casello to introduce to members of the Cameroon Government Mr Casello also wrote a similar letter to the Prime Minister of Congo and the Minister for Mines about arranging an introduction to Sundance's new project partners -AustSino, Mr Ding and potential consortium parties.
asked Mr Casello to sign a letter prepared by AustSino on Sundance's behalf which, among other things, nominated Mr Ding as Sundance's representative.
Now i think SDL management you need to attack for their performance in regards to this matter The above was evidence given by SDL
SDL Price at posting:
0.6¢ Sentiment: None Disclosure: Held