Why Wait???, page-47

If a listed company sells a major asset eg BGS selling the Li tenements what obligations do they have to distribute any of the windfall to shareholders ? Can they keep the lot themselves, just distribute 5%, etc etc ??
If BGS take $200mill (3 to 4 times current mkt valuation) for the assets the share price may double at best as future upside for the company is unknown, and there may be no distribution to share holders ?
The only sweetener may be some royalties from future production but that won't triple the share price as its a few years away.

I know the above is not that positive but just trying to think of worst case scenarios
Good luck to all...I truly believe loyal shareholders have done their bit to support/promote/stabilise BGS....it should be reciprocated by the Management....