Latest from the AFR...
Sundance court date in question
PUBLISHED: 0 hour 59 MINUTE AGO | UPDATE: 0 hour 59 MINUTE AGO PRINT EDITION: 03 Dec 2012 Edited by Sarah Thompson and Anthony Macdonald
Sundance Resources was back in a trading halt on Monday as it awaits delivery of a credit approved term sheet from China’s Hanlong Mining ahead of a scheduled court date to approve the companies’ $1.3 billion scheme of arrangement on December 18.
Sundance is ticking the last of its boxes to get this deal done, at a revised price of 45¢, after securing the crucial mining convention from the Cameroon government last week.
While most of the Sundance board, including boss George Jones, flew back to Australia yesterday, a couple of key operatives remain in the Republic of Congo trying to make sure they get a mining permit from the government in time for the court proceedings.
If they can’t, however, the court date could again be postponed.
Sundance directors are set to meet this morning.
[email protected]
- Forums
- ASX - By Stock
- SDL
- afr street talk
afr street talk
-
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SDL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online