I agree bagage. The announcement refers to "maximising shareholder value". In this context, any further divestment IMO should consider viable exit strategies for shareholders enabling them to monetise their investment at a valuation near to fair value. I'm tired of valuations per share in the 7c-15c range that I can only sell on the market for 2.5c.
Perhaps my rose-coloured glasses are turning murky grey because I read today's announcement as funding this project will be very difficult in this current business climate, and perhaps further divestment will be the best or only option. I'm taking 5cps and running for the hills at this stage
Ann: Appointment of Specialist Corporate Finance Energy Advisors, page-11
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