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westcott

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19/11/14

13:44

Post #: 14315123
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Originally posted by andybibs ↑

I think market conditions are out of their hands - bad timing and nothing they can do, even the most persuasive negotiators would be stuck. However, I do expect the CFO to be cutting costs and reduce spending in order for Sundance to survive financially until commodity bear markets end, and the project business case (which is the key to finding financiers IMO) becomes viable again. As a share holder, whom the board serves, I want to hear about how the board are planning to ensure the longevity of my asset by winding down operations with a plan to ramp up in the future when the project is (will be) feasible.

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Hi andybibs.

I don't believe there any brakes on this train. The Project/ Infrastructure has to go ahead no matter what. Too important to the Region. All cash or just about all cash is being spent on getting funding sorted. Very little, if any cash being spent on the ground in Cameroon or The Congo Republic.

Regards
Westcott.

SDL Price at posting: 4.5¢ Sentiment: None Disclosure: Held
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