...the Company has to seek other funding given the capital required to get this mine operational will run into the billions.
So, Mr Guan missed his opportunity and that’s a shame. But he did introduce another investor to stump up $400k...we determined that in previous posts. But that is peanuts and as stated does not alter the mission.
Serena, there’s nothing you or anyone else here can do about this. It’s a punt. I’m in it like everyone else to make money on my investments and have faith that the work behind the scenes is aligned to that faith the mbalam-nabeba iron ore project WILL HAPPEN. I just hope it’s ANS, aligned with Chinese funding that can do it.
I have no reason not to have faith. But it will take Billions right. How many? Let’s pick 6B. And how many shares do ANS have? 5.12B right?
So, my back of the envelope calculations tell me this...that to get the mbalam-nabeba iron ore project operational would take $6 billion, then those 5.12B shares would have to hit AUD1.17c each to cover the 6B. Discounting for bulk buyers, and other dilutionaries would see this lower, and depending on the funding arrangements and SDL share value contribution, I’m seeing 60c plus for ANS based on the 54c all time high SP for SDL in Jan 2011.
Thats is why I’m uninterested in Mr Guan’s failed $2.6M. It simply ain’t enough to make a dent. It has to be that $100M WAPRC investment plus significant “other sources of funding”.
Then factor in Peak Hill / Oakajee.
ANS Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
