Ann: ANS: Market Update, page-24

From the latest announcment from Sundance,

Sundance is working as quickly as possible to satisfy the Conditions within its control. Since the date of the Agreement, a number of positive developments have occurred including: • the successful placement of Sundance ordinary shares to AustSino for $250,000, as announced on 16 October 2018; • meetings with potential Chinese Project partners; • discussions with representatives of all of the key stakeholders; and • discussions with AustSino for further funding to satisfy the working capital requirements of Sundance. Despite these positive developments and because of certain matters not within Sundance’s control, the Conditions will not be capable of satisfaction by the End Date. Accordingly, Sundance has initiated discussions with AustSino and Sundance’s noteholders to seek an extension of the End Date to 31 March 2019. Sundance will provide a further update in due course.


If the directors are still trying to get this done then thats good enough for me. IF they are stalling for time and think this will likely fall through, then we be back to square one again. We have a deal on the table and then years till the ore we ready to load on the ships assuming railway and port- expensive items are built which is by no means a certainty. But the first step is always the hardest...