0.2c of the current SP,, or 25 cents in the dollar for the overall company, to become available in the very term-term to be returned to SHs for the sale of The Jewel in the Crown (LJ), with the same amount again available to be distributed in 12 months' time. That's effectively 50 cents in the dollar locked-in from this single transaction as available return of capital to SHs.
But that won't happen, unfortunately. Instead, it will buy another ~18-24 months of cash burn.
The firesale hollowing-out has begun.
GLTAH.
Ann: Binding Heads of Agreement for the Sale of Lake Johnston, page-9
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