re: Ann: Notice of Annual General Meeting/Pro... From memory MST exhausted all funding options & ASOF was its last financier before it went into admin. ASOF is now trying to restructure & will emerge with a very large majority of issued capital.
ASOF in MST's case was part of Lind Partners, I assume its the same company involved here.
I would give GGP a higher chance of staying out of admin than MST had. MST also had a squillion shares on issue & had about $20mil of debt & basically no product sales.
If GGP can produce commercial oil then it should stay alive, just not sure how much of the company will be left in shareholders hands.
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Ann: Notice of Annual General Meeting/Proxy Form , page-8
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