As disappointing and frustrating it is to have funds locked up if there is any hope of transitioning from India to an Oz project as outlined it needs all the time it takes to get it right. To return to trading now will doom your investment with a zero value. Who will buy your shares? May get punters at 0.1c.
Better to wait it out for the due process to occur to enable the best end result rather than a half assed rush at something only to fall flat in the end. Yes that means time. If they can negotiate good terms for Indian assets rather than a fire sale then that’s more money for the kitty and fine with me. If they get it right with this MOU you may just see some value instead of no value.
Will the proposed MOU set the world on fire, not sure more information required. The end result may surprise us all or may indeed end in zero.
Hate to say say it but time will tell.
IOR Price at posting:
6.9¢ Sentiment: None Disclosure: Held