Dear Tolate,
1. You should pray a lot so this sophisticated investor from China will pay $2.6 million by 15 March 2019 to ANS per shares subscription agreement signed more than 6 months ago.
2. Regarding the ANS Acquisition deal, please forget it for time being since no parties will be able to satisfy all conditions in the agreement by 31 March 2019.
3. Wait whether noteholders of SDL will extend the ANS acquisition deal or not beyond 31 March 2019. Up to now, there is no update either from ANS or SDL. This is not a good sign.
4. Regarding mid west project in Western Australia, it has been more than 6 months, ANS is still not able to obtain $50 million from WAPRC, China. So you can also forget it for time being.
5. Don't be influenced by some posters who keep giving you a dream without facts.
The ASX delisted 6 Chinese companies in 2018 mostly due to reporting and governance issues. This serves as a warning to investors in particular to small investors that they must be cautious in their investment decisions.
The ASX has already suspended the shares trading of ANS more than 6 months since September 2018 even after the ANS acquisition deal was announced to public via the ASX on 25 Sep 2018. Why?
Please use your common sense.
Gain or loss is in your own hands. This is not an investment advice. Good luck.
