Ann: Trading Halt, page-222

Agree 100%
While delays in execution are frustrating, and in this case somewhat costly.
(having said that, noting what others have said about the care and maintenance cost over same period we would be spending when we pull the Renard trigger, we must consider the net difference)

So, they must have their reasons, as Helios gave comment, possibly governance, in which case is part of the labors to which to attain it, albeit unforeseen as at the previous 4 Dec manicured and well negotiated 1m entry fee.

That said, think about the value in hand, and potential of corporate action to predators remain viable for the assets, the option on Renard which even though remains pending, is still in our nest. To the predator, still makes their case that spending 260m, or 1b makes us an attractive proposition.

We can expect the sp to be trading in the 30s, until the SPP closes that window, when the only avenue becomes on market for existing holders, while new buyers may see the dip into the 30s as their chance to enter, or for longs who traded out long ago, to use this as opportunity to re-enter.

All that said, you always need to look at the MC, for what is in hand, and what peers are trading at.
Think beyond this discount window, what comes with the potential of corporate action prior to lithium 3.0. And in any event, the assets in hand MRE, and those Pending Renard, can refloat in lithium 3.0

The tarnish perhaps in the short term, I would think that a strategic would want Renard optioned prior?
But that still leaves corporate action.
If this discount under 100m mc, makes a predator more likely to pounce on the discount, and the demoralised holders ?

Take emotion out of it, and look at the assets, and the value.