It seems that you do not compare the current deals with previous...

It seems that you do not compare the current deals with previous one with noteholders and Tidcore.
Hehe...you do not hold either ANS or SDL shares. Hehehe

Comparative deal between ANS/WAPRC and noteholders and Tidfore

ANS/WAPRC
1. new shares to be issued to ANS/WAPRC at 0.0055. After the shares issuance, ANS/WAPRC will control around 50.7 per cent of SDL.
2. SDL will receive $8 million working capital.
3. ANS/WAPRC =Chinese investors will seek funding for the project
4. No royalty will be given to anyone.

Previous deals with note holders and Tidfore,
1. Debts to be converted to new shares at 0.004 and noteholders will control around 68 per cent of SDL
2. No additional working capital of $8 million to SDL provided by noteholders.
3. Noteholders as the controlling shareholders consist of many funds managers (without Chinese investors) with possible conflict of interests.
4. Plus Noteholders as controlling sharesholders will get certain percentage of royalty from the production.
5. 51 per cent of Cam Iron SA (who holds the iron ore tenement in Cameroon) (a subsidiary of SDL) will be sold to Tidfore.