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1.7¢ austsino resources group limited

Hahaha^^^^ I needed a laugh on this cold miserable Saturday...

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shifty1

289 Posts.

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08/09/18

12:10

Post #: 35476187
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Originally posted by serena ↑

The board of ANS is considered smart to invest $750 K in SDL's shares because they can see the great potential of SDL as a world class iron ore producer. If the share price of SD going to North and fly to sky, ANS will gain from the appreciation of their 750K investment in SDL. All the best to ANS shareholders in this context.

The change in reason for the suspension reveals that ANS will raise fund to make a strategic investment. However, ANS may have limitation to raise immediate large equity fund because ANS might have almost reached their 15 per cent shares issuance capacity without shareholders' approval. They may still have another 10 per cent capacity i.e., around 500 million new shares which could be issued.

This proves that my conjecture is correct that ANS has no financing capacity to buy out SDL. ANS is likely to remain as one of small shareholders among those big players in SDL such as existing and forthcoming controlling shareholders of SDL e.g., Chinese Development Bank (the mortgagee of Hanlong shares); David Porter; Senrigan Master Fund; Noble Resources International Pte Ltd; D. E. Shaw Composite Holdings; International, Ltd, Wafin Limited, BSOF Master Fund L.P.

An interesting game is actually in SDL. Tidfore (A Chinese company) with the assistance of CCECC, a subsidiary of state-owned enterprise China Railway Construction (CRCC) is more likely to become a strategic partner of SDL as per MOU signed in January 2018.
Privately owned Tidfore has signed a joint venture framework agreement (JV) with China Civil Engineering Construction (CCECC). Tidfore is involved in supplying, manufacturing and installing high-end material handling, port, and offshore engineering equipment. CCECC is a subsidiary of state-owned enterprise China Railway Construction (CRCC).

Let us sing this "song". Lol. Good luck to everyone.
SHINE SDL SHINE
Fill the Cameroon's land with your presence
Create jobs and economic growth for the Cameroonian people
ONE BELT ONE ROAD (OBOR) may help you to pursue your dream
Flood the nations with your iron ore.

A World Class Iron Ore Project
Extract from SDL slides presentation:
Cameroon’s Premier Port, Rail and Mine Project
• 510km railway for transport of iron ore with 70km spur line connecting Nabeba deposit
• Mineral Terminal Facility at Lolabe capable of taking “China Max” bulk iron ore carriers of up to 300,000 DWT
• Stage 1: Production rate of 35Mtpa Direct Shipping Ore for a minimum 10 years •
Stage 2: Continued production at 35Mtpa of high grade concentrate product from Itabirite for further 15+ years

A Nation-Builder 3
• The Mbalam Project is set to be one of the largest projects in the sub-region
• Supply more than 10,000 direct and indirect jobs once in production • Estimate to increase Cameroon’s GDP by approximately 10% once in production
• Stage 1 operational expenses estimated at US$742 Million per year - will stimulate growth and development for local businesses
• Will have direct multi-billion financial benefits for the Government of Cameroon through taxes and dividends
• Cameroon to benefit from knowledge transfer, education and training in the different sectors associated with the Project
• Skills development expected to be a catalyst for further industrial development

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Hahaha^^^^

I needed a laugh on this cold miserable Saturday morning.

I give you 10 out 10 for effort though...

ANS Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
3 Upvote

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