Wow - most they have ever written. !!
The opening paragraph states that the Directors and Independent corporate advisers considered the delisting proposal "the highest potential value creation development option to fund the PIOP".... I would love to see that Independent Report..... any chance a few copies are available to shareholders at the EGM ?
I love page 3 "Operational Activities" - During the quarter, the Company conducted limited operational activities as the next phase of work on the PIOP (and Canegrass) needs substantial working capital funding. That's it - the end. Thank God they had a whinge for the first 2.5 pages.
Despite that they spent $1.7m on administration and corporate costs !
