Fair not guys.
For the Cameroon government not to reject the permit application, it technically tells Sundance that it can continue business as usual (i could be wrong).
As you can see from Cameroon news, March will be a huge month for Sundance.
As i said before, it all has to do with the price China is willing to give for 51% stacke. If we can get$100million for 51% stake, that will allow sundance to buy back the notes and and avoid a huge dilution from convertible note holders. That will also rerate SDL as well.
Remember that notes are not due for payment yet, therefore SDL has two jobs to do, get as much as possible dollars for 51% stacke and get that permission.
Please remember, that SDL has spent over $350m on the project, that should see SDL get at least $75m for 51%.
Other point, why would Cameroon or china spend that much money on port if they can't honour the deal(stacke in SDL)?
Cheers
bouhr
SDL Price at posting:
0.9¢ Sentiment: None Disclosure: Held