Hi dmmorris. China want to be in start up mode with building the...

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westcott

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17/01/16

12:00

Post #: 16811644
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Originally posted by dmmorris ↑

Pikapika,

Personally speaking I would see clear benefits for SDL to rid itself of a couple of skeletons in the cupboard by way of settling matters with Mr Porter, including smoothing out the path for likely further loans from stakeholders. If I was negotiating on behalf of SDL I would certainly let Mr Porter know that it was in his interests to negotiate any cash settlement quickly or risk SDL going into administration and he then having to take his place in the queue with other creditors.

We are now in the hands of the relationship between the Government of Cameroon and China Inc. and to a lesser extent the antics of BHP, RIO and Vale, but do not count on them reducing the supply of iron ore. My understanding is that SDL has nine months to finalise its arrangements after the two governments (China state EPC) have finalised their arrangements, so the ball is in their court, but will SDL be able to mothball the company and absolutely minimise costs until such time?

David

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Hi dmmorris.

China want to be in start up mode with building the Infrastructure by 9 months of signing with Cameroon.
China will want it to start up as soon as possible, they will most probably be involved in the Mines as well, so will push the Mines through quick after signing with Cameroon for Infrastructure.

Regards
Westcott.

SDL Price at posting: 1.2¢ Sentiment: None Disclosure: Held
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