Whats the signal?, page-23

Hi Hotazel,

The original poster asked what we thought the major milestones were.

For me, it's the mine partner deal. Further on from there it's the Sovereign Loan being provided from China to Cameroon.

I don't believe the EPC being signed locks in the project and ensures SDL's participation. It's an opinion. (Can you provide me with a link re the CGGC IPO, can't seem to find it?)

For example, remember that the Cameroon Government inserted the 9 month clause into proceedings whereby once/if EPC's are signed, SDL must tick certain boxes or risk having the projects stripped.

IMO there is still a risk that the Chinese will want the entire play, and freeze out SDL at the mine level. I don't see the issue with looking at possible risks, but it seems to really upset some people here.

I've learnt from holding and watching SDL that it's wise to continue thinking through the risks and possible curve balls, unless you think the last 8+ years has moved along swimmingly and been a financial boon for shareholders?

Cheers!