All big boys are still on the ship and fully support the captain.

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serena

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11/04/17

17:21

Post #: 24007161
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Originally posted by westcott ↑

Hi All.

A question for All. Maturity date of existing convertible notes extended to 23 September 2019. Why would this happen? Would they do this if they thought SDL would run out of Cash? Would they get anything if SDL went into administration or was taken over?
Hanlong Convertible Notes extended to December 31st 2017. Would they do this again if SDL went into administration, the Tenement was taken away from SDL or was taken over? Only if Hanlong, through the Chinese Government took over SDL.
Sundance Resources announced that on January 12th 2017 that it had executed formal documentation for $1.3 million for new convertible notes with Noble Resources International Pte Ltd, an investment vehicle managed by Senrigan, and David Porter (together the 2016 Investor Group) and an extension of the maturity date of the convertible notes from 23 September 2017 to 23 September 2019 held by Noble, Wafin Limited, Senrigan and investment vehicles managed by D.E.Shaw and Blackstone Group L.P. Again, why would they do this if SDL was to go into Administration, would lose the Tenement or be taken over by Hanlong through the Chinese Government?
If Chinese take over SDL, These other groups would get nothing back for propping up SDL whilst looking for funding. Why pump more cash into SDL and extend dates of notes?
Your Opinions Please.

Regards
Westcott.

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All big boys are still on the ship and fully support the captain.

SDL Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
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