Ann: Response to ASX Aware Query, page-140

  1. 8,796 Posts.
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    Yes unfortunately after doing some more homework the escrow shares are not an option for transfer / cancel unless a take over, and still escrow has to be continued. Not sure how many would want to TO with those conditions in place.

    I don't even think they can be used as collateral separately.

    I very much doubt the company is going to get a raise away at any cost in the current climate, and let's face it POG is being of no help, 9% inflation and its down as at typing.

    I won't be surprised if the BOD are not considering voluntary administration. It could certainly buy time. Time is key.

    As mentioned by@Gwaihir Gangfeng could be a TO option, its just do they want to take on the mess of the gold mine. They would likely want to find a buyer prior to an offer so they can breakup pretty quick This would take TIME.






 
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