SDL 0.00% 0.6¢ sundance resources limited

Russian Billionaire Eyes Sundance !, page-101

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    You wouldn't extend the maturity of the Note for a further 2 plus years if you didn't want to continue to have skin in the game.

    However, from an accounting point of view the company may very well have a made a provision for this liability under their terms of the Accounting standards and its collectability. Provision for Doubtful Debts. They may have made a provision for their Debt but clearly they still want to be part of the business and extended the maturity of the Note.

    Remember the company as part of their cost savings strategy reduced the number of board of directors from 7 to 3.
 
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