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Hi Charlie'sbucket. Could be held up because Cameroon Government...

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westcott

8,602 Posts.

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22/02/18

21:58

Post #: 31272616
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Originally posted by Charlie'sbucket ↑

Yes the news of first ship leaving port beginning of March is very exciting and should help to get backer for stage 2 then full speed ahead as ships come and out from all over the world and their location close to Europe and others is advantageous; it should be start of wealth creation for Cam and all sorts of fresh opportunities. Obviously the Govt has a lot on its plane now and i just hope Sundance factors in as a positive and CAN assist Cameroon in their long term plans and start to build all this infrastructure so others can take advantage of it and come and build too. I cant believe that the Govt will say no UNLESS their is a sticking point that has been discussed and currently causing delay and no Halt necessary for SDL, but at least later with building already going ahead, SDL can only be beneficial for Cam and only each players terms have to be agreed- it cant be easy but any delay is critical now with new boom on its way and ongoing expenditure draining SDL's coffers. All we can hope is they are doing everything possible to get this finished and get those trains rolling but more "visits" to China and the lions den may be ominous but i keep my whiskey glass always half full

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Hi Charlie'sbucket.

Could be held up because Cameroon Government don't want to give up control of the Rail and Port Infrastructure. Chinese if taking 51% of Cam Iron will want to have control of the Iron Ore and also Port and Rail. Cameroon Government have not been able to get funds to build the Rail and Port, I wonder why? Of coarse the Chinese want it all, not just the mines.
Why fund the Rail and Port for the Cameroon Government to then charge SDL/Chinese funders/builders to use the Port and Rail. Makes no sense.

Regards
Westcott.

SDL Price at posting: 0.8¢ Sentiment: None Disclosure: Not Held
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