Acceptance of a low offer could be somewhat disastrous given the cost of setup, what's on the balance sheet in terms of assets and will the assets be included in any potential sale? Cost of re-setup would be fairly high and given its such a prospective area (Fabian disclosed as much in a recent video) is it in the best interests of shareholders to choose to sell the project, given there's still considerable assets/ability to mine given the plant and equipment already located there. What has been undertaken by Fabian to conclude that finishing up there is in the best interests in particular that drilling at Penikat doesn't appear to be scheduled until approximately December 2023 (won't it be under snow then???). The resources at Way Linggo are moderate though with additional exploration it may be possible to find additional discoveries without additional investment necessary for a medium size mining operation. Fabian recently disclosed on a video that previous management had appeared to write off the future potential and little was spent to forward explore, ensure the pipeline moving forward. Isn’t that a management issue and doesn't that responsibility sit with the board?
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- Ann: Entry into Agreement for the Potential Sale of Way Linggo
Ann: Entry into Agreement for the Potential Sale of Way Linggo, page-11
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