RE: geopoliticalCameroon and Congo have made it difficult for...

RE: geopolitical

Cameroon and Congo have made it difficult for Sundance

1. Taking a stake in Cam Iron and Congo Iron away from Sundance, making it harder to raise capital by selling equity in order to pay for infrastructure that will make the governments billions for decades to come.

Have the board made this clear to the governments?
Give back the stake so Sundance can raise capital, get this show on the rail and create wealth for all stakeholders sooner.

2. Forcing Sundance to MOU with every man and his dog in
West Africa. I believe this is what the MOU mania 2-3 years ago was all about. I'm sure those that know the story like Westcott will agree.

Pushing Sundance to increase capacity beyond 35mtpa so that others can share infrastructure is extremely unfair. We have enough difficulty funding new capacity of 35mtpa.
The governments should allow 35mtpa for now and then Sundance can expand later with cash flow.

Have the board made this clear? This shared infrastructure could result in a good deal but not the best deal for Sundance. Currently we have no idea how close a deal is and what kind of deal it is whatsoever.

The above is not written in black and white in Sundance announcements but if you have been reading related articles and paying attention it should be clear.



Also at the same time the 2 governments have supported Sundance after the board wasted years in the longest failed takeover attempt in Australian corporate history.
We shareholders are very lucky the board didn't lose significant tenements like companies in other African countries.