SUNDANCE RESOURCES WKN: A0BK6G ISIN: AU000000SDL6 Kürzel: SFM1 Forum: Aktien Thema: Hauptdiskussion

Was ist neu ?

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Lohnt sich das?

Es gibt neue Informationen auf der Internetseite (PDF 5 SEITEN).

Dachte ich mir schon.

Abschreiben

Wie lange kann das dauern bis hier mal was entschieden wird? So aus eurer Erfahrung. Reden wir hier von mehreren Jahren, oder soll ich mein Geld direkt abschreiben?

11 August 2021 RESTRUCTURE OF ARRANGEMENTS WITH NOTEHOLDERS Sundance Resources Limited ("Sundance" or "Company") is pleased to announce that it has reached an agreement with Senrigan Master Fund, Noble Resources International Pte Ltd, D. E. Shaw Composite Holdings International, Ltd, Wafin Limited and BSOF Master Fund L.P. (together, the “Noteholders”) to restructure the Company's existing debt and security arrangements. Under the new arrangements, the Noteholders have agreed to indefinitely forbear on their Convertible Notes for the duration of the proceedings, which are currently underway against the Governments of the Republic of the Congo and the Republic of Cameroon. In addition, if Sundance is successful in any of these proceedings and receives an award of damages, the Noteholders will be entitled to receive an agreed portion of any damages recovered (i) as compensation for their forbearance of their Convertible Notes and (ii) in repayment of the redemption amounts owing under the Convertible Notes. Essentially, the agreed portion of damages to which the Noteholders are entitled corresponds to the amount of damages awarded to Sundance, with Sundance's recovery increasing as the amount of damages awarded in any of the proceedings increases. Any amounts due to the Noteholders under the new arrangements will be paid after Burford has recovered its entitlements as the litigation funder under the Capital Provision Agreement (as announced by the Company on 3 May 2021). After these payments are made to the litigation funder and the Noteholders, Sundance will be able to use the balance of any damages awarded in the arbitration proceedings in its absolute discretion and in the interests of all shareholders. Commenting on behalf of the Sundance Board, Non-Executive Director Giulio Casello said: "Sundance is pleased to have finalised these arrangements with the Noteholders, which demonstrates their confidence in the Company's claims and their willingness to stand by Sundance for the duration of the proceedings against the Governments of the Republic of the Congo and Republic of Cameroon. These new arrangements give appropriate comfort to the Noteholders while the claims are fully prosecuted with secured litigation funding from Burford."

Eher nicht.

Ob wir da jemals noch einen müden Euro sehen von unserem Kapital? Ich mache mir da nicht viel Hoffnung....

15 July 2021 LEADERSHIP CHANGE Sundance Resources Ltd (“Sundance” or the “Company”) wishes to announce that its Board has completed a review of its leadership and management structure following the events of the past six months. With the illegal expropriation of our Nabeba iron ore permit in the Republic of the Congo and the litigation that is now ongoing against the Governments of both Congo and Cameroon, Sundance’s primary focus is on our legal proceedings in the International Chamber of Commerce in London and Paris. This has resulted in the role of Chief Executive Officer no longer being required on a full-time basis, with the reduced responsibilities to be absorbed by Sundance’s Board of Directors. As a result from 15 July 2021, Giulio Casello, the Company’s long-serving Chief Executive Officer, will become a Non-Executive Director of Sundance and enter into a consultancy agreement that allows Sundance to benefit from Mr Casello’s experience and knowledge of the Company and its legal proceedings. Sundance Resources Chairman David Porter commented: “Giulio joined Sundance in November 2010 following the tragic events in Congo, when the Company’s leadership died in a plane crash, and has been instrumental in rebuilding Sundance both as an organisation and as an aspiring iron ore business. Giulio was responsible for completing the Definitive Feasibility Studies and putting in place what was required to make the world class $US6.5 Billion Mbalam-Nabeba Iron Ore Project fundable, outcomes that he completed with great professionalism. This was no easy task. “Throughout his tenure as CEO, Giulio remained unwavering in his commitment to pursue value- creating opportunities for Sundance shareholders, including during times of sustained iron ore price weakness. The fact Giulio has accepted a role on our Board and will be available to the Company as a consultant is a tremendous outcome for Sundance as we pursue justice through the international arbitration system against the Governments of Congo and Cameroon.” Commenting on his new role, Mr Casello added: “I am delighted to remain with Sundance in my new roles and am looking forward to assisting the Company, our shareholders and all investors to progress the cases we have ongoing against the Governments of Congo and Cameroon. “The past 11 years have delivered a rollercoaster ride though it never dented my commitment to try to deliver positive outcomes for all Sundance stakeholders. As disappointed and shocked as I am at the turn of events last year, I remain as committed as the Sundance Board to seeking justice for the illegal expropriation of our iron ore assets. “I look forward to assisting Sundance in any way that I can as the Company moves into this next stage.”

News: Führungswechsel inkl. neue Tätigkeit CEO als „Berater“

Die haben Sundance nur als Eintrittskarte benutzt... Das sieht nicht gut aus.... Positiv wird das ganze nur noch wenn wir vor Gericht gewinnen.

Hm

….nun aber alleine

die Vereinbarung Sundance/AustSino mit dem Kamerun wird einseitig gelöst (durch Kamerun) daraufhin löst Sundance die Vereinbarung mit AustSino, die wiederum nun versuchen hintenrum mit Kamerun zu verbandeln