This issue needs shareholder approval. The BOD taking up the shortfall needs shareholder approval. This takes a GM. The GM was to happen in May. Day left free. There is a 21 day notice period. That makes the minimum to a GM late into June. The shareholder approval is important and requires reasonably prompt attention. This makes whatever is delaying the GM is big enough to to cause the delay.
From memory these were to CRML advisors???? ASX has said "hey,hey hey you are jumping the gun here". Some decks are being stacked here.
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