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Business Description: Sundance Resources Limited (SDL) is an Australian-based international resources company developing the Mbalam Iron Ore Project in the Republic of Cameroon and the Republic of Congo in central West Africa. The Mbalam Project is being developed by CamIron SA (SDL 90%) in Cameroon and Congo Iron SA (SDL 85%) in Congo.
Strategy Analysis: Management is looking to position SDL as the 'first mover' iron ore project developer in West Africa. SDL owns 90% of the Mbalam Project and is working to attract strategic product off-take, construction and financing partners in the development of the project. SDL is targeting to commence operations in 2012.
Sundance Resources reported negative cash flow of $14.06m for the quarter ended 31 December 2011. Operating cash flow for the period was $(15.39m). Payments for exploration and evaluation were $(2.28m). Investing cash flow was $(446,000). Financing cash flow was $1.77m. Cash in hand at the end of the quarter was $46.69m.
The Age 26/05/2012 | I WAS reading some old Marcus Today newsletters. From 2003. Let me take you back and allow you to exercise the power of hindsight:
The Age 25/05/2012 | RADIO People are six times more likely to go to an advertiser's website if they have heard the ad on radio, according to research by Colmar Brunton, released by Commercial Radio Australia. The research showed that radio advertising has an immediate effect on people's digital activity, with more than three-quarters of those exposed to advertising visiting a website or Facebook page or searching for the brand online within 24 hours. Commercial Radio Australia chief executive Joan Warner said the ...
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