What the ????, page-13

I think you are right Oily. Pragmatic!!!
Would appear that the company simply could not effectively proceed with the further development of this lease and, at best, would have been left with that piddle continuing into the company bucket that all went to management anyway. Nothing more than an annuity for management!!!

And remember, we are dealing with Indonesia don't forget, and there really was nothing in concrete that the sales to the fertilizer factory would even continue, going from previous reports.
Getting that 20 year agreement at least gave us an asset with which to negotiate and enable us to simply get out of that God forsaken place ASAP and never to ever again leave the shores of our great country of ours, where, with $5 million, there are numerous opportunities waiting to be explored where other small companies simply cannot raise any funds. Cash is KING, PASE is high risk!!

Triangle had and have NO hope of raising any funds in this market to do the essential exploration of the extended lease and now at least have the opportunity to raise those funds by selling the project, avoiding all financial liabilities, which probably would have sent the company to the wall sooner than later, and start by getting stuck into the Queensland asset on OUR home turf.

Sure, cynicism is certainly justifiable and all that innuendo about management, but, the FACTS are clear, the PASE lease, without heavy expenditure to develop the unexplored section, capital that they could not raise, would just have continued that pathetic income "stream" of the original deal and with no guarantee that that income would even continue!!
And, that new section also appears fraught with extreme geological factors, pressures etc, which might have been a complete waste of time and money anyway. There were certainly no guarantees that there would be new income producing outcomes form the new section. None!!

Let's get the hell out of Indonesia and leave it up to an Indonesian company to try to make something out of what I see as a huge risk prospect.

We've got the lease (collateral) we've got a buyer, we'll have precious cash and we are OUT OF THERE!!!!! Bring it on!!!