I doubt we will relist before the AGM. The vote on Andash is critical to the companies prosect. If sale fell threw then we are in a world of pain. If the sale goes ahead then we are a cashed up shell. People will exit ofcourse, but $15mil cash is about 11c/sh. Some will depend on how much debt we have and how bad Murchison is. How much of the $1.5mil deposit is already spent etc.
Jervois is too big. If they dont come to the table with a smaller more manageable project, then I'd prefer a capital return of 11c and wind up the remaining company.
But even with a smaller new project, would the market trust this mob again. Could very well trade below cash backing but it never goes far below it.
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I doubt we will relist before the AGM. The vote on Andash is...
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