AUSTSINO RESOURCES GROUP LIMITED (ASX:ANS) - Sundance vs AustSino WA Supreme Court 23-Jan-2024, 72075009, page-11 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

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26/01/24

00:48

Post #: 72075009
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Originally posted by HolyMoley: ↑

Yes. My understanding is. ... SDL asked for info to see if it could find grounds to sue ANS. ANS provided it to them (no doubt reluctantly) ages ago. SDL now has to pay ANS' costs for providing the info to it. Judge confirmed that cost order against SDL this week. No doubt it will be 100's of thousands of dollars that SDL has to pay ANS for the legal costs of providing the information.

Despite getting all that info and having months to review it, SDL still appears to have not identified any cause of action against ANS. Not surprising given the facts. SDL (or more accurately its litigation funding providers) probably just hoping to cut a deal with the African Govt(s); then re: ANS - hang around like a bad smell looking for a payout when ANS has value in it. A payout that would complement the most valuable asset owned by SDL, being the 107 million shares SDL holds in ANS!

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ANS Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
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