Ann: Proposed $100m Placement & Strategic Investment in Sundance, page-60

really have not  felt the urge to comment recently but this post takes the cake as the most significant lack of understanding on investment ive seen for a while -

Further KEY  take away'\s for Serena to come to terms with:

ask yourself , if you were going to resurrect IO projects and place a large capital injection into a project, would you invest at a premium - NO !!!!! 

WHY?? Because there is LARGE RISK involved so get a grip man !!!!!  if YOU were to put up this sort of cash would YOU want to pay more than the market price ??? NO !! once again - wake up ! 

Other KEY points to make

1) without ANS,  SDL would be dead and buried right now with over 100 million of debt and no major internal investment on the horizon to unlock their wealth. 

2) ANS did the SDL (CN holders)  a favour as ANS has the Chinese connections needed for this scale of project and you Serena show no respect for this in your comment about WAPRC got their shares at 1.3c and not at a higher price than market !! - 

3) ANS now have a controlling interest ( over 50% ) and therefore  hold all the cards for SDL and on this basis will be north of 3c share on this deal alone IMO 

I could go on but im done with these ridiculous threads about absolutely NOTHING but bickering like pre school kids playing in the sandpit 

FINAL WORD , the stock will recommence trading when the ASX are satisfied that the funds are legitimate and and the proposed new corporate structure or (share distribution) they meet the conditions of ASX as per their comments below so no point in trying to guess when this will come out of suspension.

Taken from the 25 September ANS announcement "

It is anticipated that both transactions will be completed within four months, subject toreceipt of required regulatory and shareholder approvals and satisfaction of relevantconditions precedent

 AustSino will remain in suspension while AustSino responds to ASX’s request for furtherinformation concerning AustSino’s proposed transactions, including regarding WesternAustralian Port Rail Construction (Shanghai) Ltd (WAPRC) and its corporate/capital structure,the source of funds and the new controllers of AustSino following completion of the WAPRCplacement (which is itself a control transaction)

G101