News: SDL Austsino Resources Group Announces Placement To Raise $100 Million, page-8

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Hunley2

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10/07/20

11:36

Post #: 45775260
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Originally posted by pe981: ↑

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...................

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I was planning to let the SH's have a good weekend but you burst the bubble

look at the CP's they're still to be fulfilled

it's in the announcement

Closing date is fast approaching and the funds still need to be obtained

SDL Price at posting: 0.6¢ Sentiment: None Disclosure: Held
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News: SDL Austsino Resources Group Announces Placement To Raise $100 Million, page-8

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