SDL sundance resources limited

There would be interest added to the noteholder's fee, and my...

  1. 120 Posts.
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    There would be interest added to the noteholder's fee, and my guess is they would target a minimum of a full refund of the 400 million investment, with Burford charging 50% of that cost.

    So it could be 750m:
    Secured Note-holders = AUD 150M (including interest approx 20%)
    Burford Capital = AUD 200M
    Shareholders = AUD 400M, Shares on Issue = 10B, Return to Shareholders = AUD 0.04 per share

    Also, what may work in our favour is that Giulio and David both hold shares from which they would receive a payout.
    Giulio Casello - 14,950,000
    David Porter - 1,735,542,986

    Then there is still the legal battle with Cameroon

    At the moment, it's still $0 for us all, but it's nice to throw figures around.
 
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