SDL sundance resources limited

Not sure why some think this has changed anything:confused: SDL...

  1. 2,941 Posts.
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    Not sure why some think this has changed anything
    SDL & ANS are still in exactly the same boat waiting for someone to come up with $100m (just the names have changed now) I would imagine ASX will not be altering their current stance in regard to wanting to see the funds before relisting!
    Clause (e) of conditions precedent:-
    "Midwest having secured sufficient funds to complete the purchase of the Midwest placement shares"
    Midwest is obviously not a trading company and while I don't have access to its balance sheet I think it pretty fair bet it would only be a shell / holding company. Also not unlike WAPRC, fairly newly registered, this one 05/2018.
    No detail provided of where the $100m is actually coming from! (Hopefully that consortium is still on the hook)
    I presume confidence is up because of the involvement of Mr Ding??
    At least end date not too far away, with completion to be by 31/10/20.
    Hopefully for holders something comes of this new agreement and someone can actually produce the promised funds...................
    Last edited by pe981: 10/07/20
 
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