$50 million is going to noteholders and $8 million to SDL. If the deal is cancelled, the debt will be converted by noteholders to shares. So whether there is $50 million or not, it won't change the cash balance of SDL except $8 million.
No China's NDRC approval, there will be NO DEAL.
China's NDRC approval is crucial. If WAPRC can not convince Chinese government, it is unlikely that ANS/WAPRC will be able to convince Cameroon government. So please forget your dream. Wake up from your dream.
