While the Company is frustrated with the ongoing holdups and delays at NBR, it continues to follow up with the Government authorities. The Company also is conducting, on an ongoing basis, a strategic review as part of recently implemented process of continuous evaluation and prioritization of its project portfolio and risk management, as articulated earlier in this report.
Reading between the lines, could a sale of NBR be on the cards soon? What`s it worth? Probably not much in it`s current state. Would cashed up GRR be interested? Maybe they can shake the Government approvals into gear quicker. Food for thought.............
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