Ann: Quarterly Activities Report, page-5

Looks like this could be wound up within 6 months. If Alexander Downer leaves the board in the next few weeks we will know it really is over and it will be up to existing shareholders to stump up enough to keep it on life support.

I hope I am wrong but what they are saying especially about diversifying sounds like a load of BS to me to justify getting paid while nothing happens for a few years with Citronen and frankly calls into question all the stuff they have been telling us about Citronen.

Seriously, what has IBG got to bring to any table other than Citronen (which doesn’t look particularly viable at current prices and interest rates).

At best we can hope for enough cash to keep Citronen on life support until the next window of opportunity comes around (hopefully sooner than Footys prediction of 2030).