Ann: Suspension from Official Quotation, page-23

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gracesteel11

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06/09/18

11:24

Post #: 35443915
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Originally posted by serena ↑

Two possibilities:

Possibility A: If TH of ANS and SDL are interrelated;
1. During the Trading Halt, ANS might have attempted to take over SDL but the bid was rejected by the board of SDL (Fact: The ORIGINAL Trading Halt in ANS was requested due to reason for "Business acquisition").
2. Since the bid was rejected by SDL, ANS extended TH to suspension and change the reason for "possible business acquisition" to "possible capital raising and strategic investment". If it is correct, ANS may want to buy more shares in SDL.
3. If no. 2 is correct, this time ANS needs to pay a higher premium for any additional SDL shares. It is less likely that ANS could buy it again at 0.004.

Possibility B: If TH of ANS and SDL are NOT interrelated.

In this case, the Trading Halt of SDL may be associated with the extension of Mbalam permit and Tidfore and associates financing for the project which is due on 14th September 2018 (another 7 working days to go). Hence, the TH may be good or bad which depends on the outcome of the negotiations between SDL, Tidfore and associates and Cameroon Government.

FACT: Noteholders of SDL have agreed to give significant haircut around 50 per cent to 70 per cent for the convertible notes, and converting the remaining notes to shares with the controlling interest of 68 per cent in SDL plus certain royalty from the production. Those noteholders (forthcoming controlling shareholders of SDL) will not let SDL to be sold at a cheap price. So as a long term suffering holder of SDL, it looks like that we are in a safe hand as long as those noteholders fully support SDL and have interest to increase their shareholding value/wealth.

It looks like that the TH is more likely to be related to good news. However, future is uncertain. Uncertainty means risk. Be cautious. DYOR and DYOA (Do you own analysis

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Your hypothesis seem far to favourable for Sundance IMO.. Austsino aren’t the ones possibly backed into a corner, the only way I see a deal being made is at a substantial discount. Sorry mate but it’s time to take your holder goggles off and see things for how they really are..

ANS Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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Ann: Suspension from Official Quotation, page-23

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