SDL sundance resources limited
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Ann: Update, page-4

  1. baukaw
    3,931 Posts.
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    18/01/16
    10:54
    Post #: 16815386

    1 mission

    Porter ain't investing...its equity for debt if his underwriting comes into play.

    He'd be hoping a full take up to get his 11m cash i would imagine.

    If not his $11m debt is underwriting the placement.

    So in effect...SDL only probably raising a real $5m it appears
    Last edited by baukaw: 18/01/16
    SDL Price at posting: 0.7¢ Sentiment: Sell Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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