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Ann: Sale of HGB Leasehold in Indonesia, page-16

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  1. 297 Posts.
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    I would say it is still some time away as I expect that the ASX will be reluctant to lift the suspension until the ITO issue is resolved as there will still be a shortfall in cash to cover this potential liability even after the sale of the property is completed. If the ITO claim can be settled and there is enough cash for operations to continue then I see the suspension being lifted. So the sale is really the key to have cash in the bank now to be able to continue with the operations and work to improve the company’s revenue position in that area.
 
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