SDL sundance resources limited

The Chairman clearly asserts that the ASX will not allow SDL...

  1. 10,370 Posts.
    lightbulb Created with Sketch. 222
    The Chairman clearly asserts that the ASX will not allow SDL shares to trade again either the agreement is concluded or abandoned.

    So the decision of ASX not to allow SDL shares back for trading before completing of the acquisition deal is really firm. This is a very strong statement from the ASX which is quoted from Chairman's address.

    By looking the complexity of the deal which depends on China NDRC approval for the remittance of $100 million by WAPRC in China t o ANS in Australia, it looks like that the deal may not be concluded even though it is extended to 30 June 2020 since $71 million is allocated by ANS for Oakajee project that has no hard evidence that this project is in progress.

    Only $29 million is for SDL acquisition.


 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.