We should be happy now compared few days ago or few months ago...

We should be happy now compared few days ago or few months ago since SDL and ANS boards are able to secure a deal with ANS/WAPRC which is FAR better than the SDL deals with her noteholders and Tidfore. Thumbs up to both ANS and SDL boards, and also WAPRC who can identify this great opportunity to acquire majority of SDL through ANS. Well done. Only China has the money to execute this huge project. We should acknowledge it and accept the facts that China is the richest country in terms of foreign currency research (China is number one with US$3,109,700 MILLION. United States of America no. 20th US$120,493 million and Australia no. 37th US$58,676 million). In this huge project with huge infrastructure, money talks and not politics or not arrogance.

Comparative deal between ANS/WAPRC and noteholders and Tidfore

ANS/WAPRC
1. new shares to be issued to ANS/WAPRC at 0.0055. After the shares issuance, ANS/WAPRC will control around 50.7 per cent of SDL.
2. SDL will receive $8 million working capital.
3. ANS/WAPRC =Chinese investors will seek funding for the project
4. No royalty will be given to anyone.

Previous deals with note holders and Tidfore,
1. Debts to be converted to new shares at 0.004 and noteholders will control around 68 per cent of SDL
2. No additional working capital of $8 million to SDL provided by noteholders.
3. Noteholders as the controlling shareholders consist of many funds managers (without Chinese investors) with possible conflict of interests.
4. Plus Noteholders as controlling sharesholders will get certain percentage of royalty from the production.
5. 51 per cent of Cam Iron SA (who holds the iron ore tenement in Cameroon) (a subsidiary of SDL) will be sold to Tidfore.