It would be fascinating to know how much has been spent on lawyers, accountants and advisors in fees, commissions and placement expenses for all the flailing around over the past few years.
Clearly, someone sees value in flogging this pony - as I said in an earlier post, the only residual value is in the net value of the Ballarat property (if it is ever allowed to be sold for significantly more than its indebted value, the accumulated tax losses (requiring continuity in operations to access) and, possibly, the brand. That seems like a hard way to make money when you can invest in the stock market for a very solid return. I'd rather punt a few dollars into bit-coin or spend a night at the casino.
As a great philosopher once said, "stupid is as stupid does!" Merry Christmas.
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