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cabmerlo

3,167 Posts.

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21/12/15

19:02

Post #: 16661745
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Originally posted by Matt747 ↑

Hi IK, presumably you posted to me and not Lion2009 (as you quoted me). I can respond with what I believe in.

The port and rail is built for one purpose and one purpose only, the mines (Mbalam Nabeba). Nothing else.

EPC financial close dependent on Mine financial close is no brainer.

Chinese CISA SOE such as Hebei, Wuhan and Sino are (in that order) IMO will take equity.

No such thing as China funding the port & rail without ownership of the resource being determined. There can be no uncertainty.

Mine equity not a one horse race.

Take note of Cameroon Government engaging with China and other Friendly Countries (repeated references in multiple ASX releases).

If China can have tier-1 resource on the cheap, FMG would have rolled over to sell 20% of Chichester at $2 Billion and China wouldn't have to offer $5 Billion of perks to Liberia (just to wrestle the rights to develop Wologisi - an exploration target - from Jindal Steel).

Sit on the sideline or jump on board.

Good luck

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Welcome back matt

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SDL Price at posting: 1.2¢ Sentiment: Hold Disclosure: Held
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