Somehow I don't think the Chinese are going to be dicking around with some failed pissant company like Sundance until 2024 and beyond.
Considering the project(s) scope, and the apparent urgency for the Chinese to end their reliance on Australian ore, it would not be a surprise if the consortium paid off Sundance and offered an early settlement. Meanwhile the port & rail goes ahead.
What Sundance could possibly do with any settlement income would be a mystery. They have burnt their bridges in Africa, and with the #1 customer, the Chinese. They have demonstrated they are not capable of bringing any project to fruition, despite extension after extension.
Perhaps open a Gordon & Slater franchise?
"We're Sundance, and although we've spent years pretending to be an "International iron ore company", we prefer to litigate."
ANS Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
