Thank you for your feedback and cannot disagree with anything you had added to the discussion.
Taking this all into consideration I've reworked the calculations assuming Burford take 40% of total payment with no cap and the Noteholders receive an additional 50% for their gracious (NOT!) forebearnace of convertible notes.
Something I didn't note earlier was that if China is involved in this deal they could be shifting money from one state enterprise to another.
Sundance Resources Ltd (“Sundance” or “Company”) announces that effective from 12 March, 2024the beneficial owner of Sundance’s second largest shareholder Hanlong Resources Ltd. has becomeChina Sichuan International Investment Limited (“CSII”).Hanlong Resources Ltd currently holds 15.36% of Sundance’s shareholding.About CSIICSII is a private company registered in Hong Kong SAR,PRC. CSII was established on 20 September2016 which is the largest provincial overseas investment platform company from the province ofSichuan, PRC. CSII mainly implements business scope of investment, financing, logistics and tradingwith branches in mainland China, Hong Kong, Malaysia, and Australia.CSII's shareholders are four Chinese provincial state-owned enterprisesa) Shudao Investment Group Co., Ltd - 50%(b) Sichuan Huashi Group Co., Ltd - 20%(c) Chengdu Xingcheng Investment Group Co., Ltd -20%(d) Sichuan Road and Bridge Construction Group Co., Ltd - 10%
Thank you for your feedback and cannot disagree with anything...
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)