There can be protection for Directors trying to trade a business out of possible insolvency or administration under a scheme known as “Safe Harbour”.
https://www.hallchadwick.com.au/safe-harbour-insolvency-regime/#:~:text=What%20is%20Safe%20Harbour%3F,should%20the%20restructure%20ultimately%20fail.
One of the problems with this is there is no requirements for Directors of an ASX entity to actually declare they are relying on ‘Safe Harbour’. It wouldn’t surprise me if STA’s Directors have been under ‘Safe Harbour’ protection for several months while they sweated on the Tanzanian asset sales. Without the upside of the asset sales and Safe Harbour protection, I suspect they would have been placed in administration long ago,
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