SDL sundance resources limited

start counting the money, page-72

  1. 10,494 Posts.
    Time to buy soon I reckon.

    The part about the $18M is another way of saying the asset equity partner will definitely be on board before the end of the year.

    I believe in any case $18M of "working capital" needs to be raised before the end of Decemember. This money is required for until September 2014.

    I think the advanced negotiations mentioned is with the individual potential asset equity partners that in the event of whoever wins, that partner has to provide working capital to Sundance (as part of the asset acquisition).

    I think the winner of the asset equity stake will determine which infrastructure solution providers to use. Whoever takes up 50% will very likely swallow up the other 50% within 6-12 months IMO anyway.



 
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