With reference to your recent post, if ANS raise fund to buy a tenement or a non-listed company, it does make sense. It also make sense if a Chinese investor from China wants to invest in the tenement through ANS since they can not directly acquire the tenement without going through a long legal process etc. Those Chinese investors need a ready vehicle to acquire the tenement. On the other hand, SDL is a publicly listed company that Chinese investors can directly buy the SDL shares anytime. Why should they buy SDL through ANS?
To acquire SDL? it is unlikely except to buy additional shares in SDL as an investment due to its future bright prospect.
Extract from the article in AFR on 24th July 2018.
quoted ASX-listed AustSino Resources also requires Oakajee's port and rail infrastructure to be built for its Peak Hill iron ore project to go ahead.
AustSino's board includes former executives from OPR, and the company would neither confirm nor deny whether it had struck an agreement to buy Mitsubishi's Oakajee interests.
But it confirmed it was working to find infrastructure solutions in the region. "AustSino is continuing to explore various opportunities in the mid-west, which it considers to be a highly prospective region, and AustSino welcomes any initiatives which may lead to greater economic infrastructure solutions for mid-west mining interests," said the company in a statement.
ANS Price at posting:
1.7¢ Sentiment: None Disclosure: Not Held
