This may be my last post for a while, but I have spoken to some people I know and this is what I am being told.
It was a huge night in Cameroon with the PM and ALL his ministers for the signing - plenty of media there and it's front page news.
There is real excitment "in-country" with this signing... maybe check out the Cameroon Times.
Will there be a CR?
Well it's one option as the next phase of this project will be very expensive, but there's also the option for one investor to exercise options which would bring in $20 million, which should get them to the middle of next year.
Those options could be exercised if the share price is sitting at 10 cents or higher.
SDL I believe thinks this announcement is huge and is stunned the sp has dropped 10 per cent today.
My view is that it's a good story and will pay handsomely in time, but at this stage there will be some pain and some gain along the way.
Cheers J
SDL Price at posting:
8.9¢ Sentiment: None Disclosure: Held