What happens next?, page-48

ANS is in theory being taken over by WAPRC in this transaction. ANS shareholders value just for this transaction alone will be significantly diluted.

They are taking quite some time to work through the WAPRC corporate structure, source of funds etc.

"Sundance shares will remain in suspension while AustSino (also in suspension) responds to the ASX’s request for further information concerning AustSino’s proposed transactions. The additional information includes WAPRC and its corporate/capital structure, the source of funds and the new controllers of AustSino following completion of the WAPRC placement (which is itself a control transaction).

The ducks are all lined up. Sundance believes it has satisfied the requirements of extension of the Cameroon convention by a "Credible" cough cough partner taking an equity position in the company and is interested in the project development.

The recent announcement also states that there are other potential other stakeholders besides ANS who are interested in participating in the funding, construction and operations of the project.