ANS 0.00% 1.7¢ austsino resources group limited

Ann: Proposed $100m Placement & Strategic Investment in Sundance, page-34

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  1. 1,545 Posts.
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    Well i've raised a glass (or 2...) of a very nice 2005 Coonawarra Cab Sav to the company - just divine....

    This is a big deal with lots of moving parts and if's, buts and maybe's. It will be interesting to see how ANS goes about providing ASX with its required info.

    Having read today's announcements twice this evening, whilst contemplating that lovely 2005 Cab Sav, it appears to me we are looking at a period of at least 6 to 8 weeks in suspension. I can't see ASX allowing ANS to trade without some certainty of funding, particularly given the NOW infamous Padbury funding announcement.

    SDL holders MAY find themselves in the same position, by default.

    So this may be a very frustrating period for all holders - the potential of a ballsy deal which could be company making, but at the same time not being able to trade into, or out of it.

    One thing is for sure - we are going to have a lot of 'thinking time' to consider our next moves......

    Whatver happens, GLTAH.
    Last edited by macssharesforfun: 25/09/18
 
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