Hi @playwithfire, it appears management have already written off some of their Cosmo assets (e.g. tenement E38/3457 was surrendered & capitalised expenditure written off)....the remainder of the Cosmo assets being written-off seems to be a reasonable outlook...
However, some recent commentary from ADG (announced on 28/05/24) suggests there might still be a chance for the remaining Cosmo assets to be sold for a peppercorn...
Overall, probably even more unlikely now (compared to 3 years ago when the Cosmo IPO fell over) that the in-specie shares distributed to DDD holders on 24/03/21 will be worth anything and / or available for shareholders to sell to enthusiastic buyers.
WHAT ABOUT COSMO?, page-58
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