It looks like that there are two separate POSSIBLE events which...

It looks like that there are two separate POSSIBLE events which are more likely in the favour of SDL. and all parties.

First event

1. Possibility: Tidfore may go ahead to purchase 51 per cent of CAM IRON, SA (subsidiary of SDL) and Tidfore and her associates will provide funding for US$1 billion, iron ore mine development project. So the Trading Halt and suspension until 14th Sep 2018 is related to the extension of Mbalam permit which is subject to funding of the mine project.

Second event

2. Possibility: After deep discussion with the board of SDL during the exclusive right until 31 Aug 2018, ANS might see the bright prospects of SDL, therefore they might have decided to raise fund to purchase more shares of SDL. This will provide additional working capital for SDL while finalizing of the project funding agreement of USD 1 billion with Tidfore and associates.

Hence, the Trading Halt and suspension of SDL and Tidfore may be related to those two events. They are related in this context.

Facts: Tidfore and her associates have financing capacity and experience to develop and manage huge projects. ANS is a start-up company which has no such skills and knowledge compared to Tidfore and her associates. In this case, ANS may take advantage of the opportunity to buy more shares of SDL as a long-term investment while SDL is seeking additional working capital.