Looks like the ASX have purged the ANS buy/sell depth today...

Looks like the ASX have purged the ANS buy/sell depth today following suspension

So anyway, whats going on behind the scenes  >????
what does this potentially mean for us ANS holders "pending the release of an announcement regarding a possible fundraising and strategic investment" and assuming IF it is to do with SDL developments, how does this tie in with the Convertible note holder scenario ???

SDL Convertible notes  -  announced 30 July 2018
Sundance on Monday announced that it had signed a binding term sheet with its note holders to cancel their convertible notes in return for a combination of equity and a capped production royalty.

The notes, valued at A$132.86-million, have a maturity date of September 23, 2019, by which time Sundance would have to repay them.

Under the agreed deal, each note holder was offered the opportunity to cancel their notes in exchange for Sundance shares representing between 30% and 50% of the redemption value of their notes, based on a share price of 0.4c each.

The level of equity that the note holders elected to receive then determined the rate of the proposed production royalty, which ranged from 1% to 1.24% of their share of revenue from the sale of the first 517-million tonnes of ore from the Mbalam Nabeba iron-ore project, in the Republic of Congo and Cameroon.

“This is a transformational deal for all 19 000 Sundance shareholders,” said Sundance CEO Giulio Casello.
“We are very pleased with the outcome as it will clear the company of debt, introduce new major shareholders onto our register, and gives clear support to the development of the Mbalam-Nabeba iron-ore project by converting over half of the value of the notes into a production royalty when the project comes on line.”
Casello said that this significant development would support the introduction of an equity partner into Sundance, which would work with the company to satisfy the needs of the Cameroon government, and the development of the project.

Following the completion of the transaction, Sundance’s top 20 shareholders, which will include all of the note holders, will own 80% of the shares on issue. Currently, the top 20 shareholders hold a 44% combined stake in the company.

If the transaction is approved by shareholders, Sundance will have some 22.67-billion shares on issue, which at the last sales price of 4c a share, implied a market capitalisation of A$90.7-million.

*** I reckon consolidation of shares after 1 year of full production to reduce the issued script

A shareholder meeting is expected in September

http://www.miningweekly.com/article...-transformational-deal-2018-07-30/rep_id:3650

So is this where ANS come in prior to SDL shareholder meeting this month and provide funding with their Chinese partners and take out some of these note holders  ??????

all to be revealed  

Disclaimer : my comments are highly speculative and not meant to be professional investment advice to buy , hold or sell ANS