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AustSino expected to breach Sundance deal terms

AFTER almost two years in drydock, the deal between iron ore hopefuls AustSino Resources Group and Sundance Resources remains incomplete, and despite AustSino pumping A$300,000 per month into its prospective partner, it is about to breach a key condition.

Haydn Black
The Sundance-AustSino deal has not reached completion.

The Sundance-AustSino deal has not reached completion.

The company hasn't issued a notice of meeting to gain shareholder approval for a $100 million placement agreement with China-based Western Australian Port Rail Construction, so will miss the latest deadline...

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