Approaching March 2018, it is an exciting and/or anxious moment for shareholders while waiting for the extension to convention and the grant of a minimum of 3-year mining permit.
Extract from SDL quarterly activities report on 20 April 2018
Quoted
It appears that Hanlong and China Development Bank (“CDB”), which is the mortgagee of the Sundance shares held by Hanlong, are close to resolving the ownership position of Sundance shares with them being retained by CDB; and
Unquoted
As a shareholder, let us send a courtesy reminder email to our CEO so he could update us on the status of the above matter.
If the ownership position of SDL shares has been resolved and CDB now legally owns the shares, it will increase the image and credibility of SDL among Chinese Financiers and Cameroon Government.
Hope a representative of CDB will replace Mr Luke on the board.
All the best for shareholders.
SDL Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
