I would have to say that the board seem to be doing nothing at...

I would have to say that the board seem to be doing nothing at all. They've been "made aware" of a letter that's a month old!! Their communique is carefully written (that will be more legal bills) but offers no hope at all that X64 will be restored to listing. They imply strongly that they await various court decisions in the Philippines, but have backed Raul Villanueva, but would appear they cannot make concrete decisions on effectuation until these cases are sorted. So they don't control the timeline. So the worst case is you have a solvent company, with at the least the 40% of the mine and maybe some other contingent assets, that gets de-listed. What that does is show the decision to put the company into administration in the first place, which started the clock ticking on ASX delisting, was utterly stupid. Had it not been done, then there would still have been many issues, but all the negotiations could have happened whilst the shares stayed listed (would have been tough continuous disclosure but achievable).