Couple of points worth noting (possibly repeating):-
1 - WAPRC have to prove they have the capacity to complete this transaction to ASIC's satisfaction. Must give kudos to them demanding this be done (of course once bitten...), otherwise trading would have been ballistic (in both Coys) and many unfortunates caught. (Certainly not suggesting this is not legit)
2. Does WAPRC have other (big money) backing or is this just opportunistic investing? As I posted earlier it is interesting that very little detail on progressing the projects, (particularly Mbalam) was included.
3. Will the Cameroon Gov consider ANS / WAPRC a credible investor of sufficient capacity to grant the extension. After all, this proposal purely presents the new version SDL as a debt free Company with $8m which will be sufficient for tea and biscuits for a couple of years!!
I would have thought the Cam Gov would require some proof of capacity to progress the actual mine development. Perhaps that is wrong and they will be happy with a cleaned up balance sheet, or perhaps WAPRC can show them some additional financial strength we will not see.
The whole thing seems to hang on the capacity of WAPRC and all the positive talk seems to be being justified because it is a Chinese Company
Now these blokes might control billions, but the reality is no one seems to know.
I am not suggesting all is not above board, just suggesting there are some question marks some might want to consider and the information might take some getting............ Approval to recommence trading will at least satisfy one part...............