Hello fellow shareholders and others,The latest information that...

Hello fellow shareholders and others,

The latest information that can be found re entities shortlisted to build the railway in Cameroon are in 'SP Angel’s Western African Minerals report' dated 10/6/2013.

http://www.directorstalk.com/wp-content/uploads/2013/06/West-African-Minerals.pdf

On page 14 re Railways it states;

“Rail interest
A number of Korean entities are represented in the ‘National Railway Master plan Study in Cameroon’ including The Korea Transport Institute, KR network, KORPEC Korea Port Engineering Corp. and CHUNGSUK Engineering.

We believe that Jindal Steel’s sister company Jindal Rail is keen to develop rail in The Cameroon while it also feels that a consortia of Chinese banks is positioning to finance new Cameroon rail and presumably a Chinese contractor for some of all of the rail network.

We also understand that POSCO are keen to be involved in potential developments in the country. POSCO were and may still be in talks with Afferro Mining.”

Anyway, the report shines an informative light on the prospects for consolidation and infrastructure construction in the area of SDL’s tenements and it looks likly the JV partner to build the railway will be a consortium.

Kind regards,

tongal