Best guess?
Can't see any other logic at this time.
Standard Chartered Bank have probably said "get all the assets and / asset ground /corporate interests together on one ship ".
Cuy has a market cap of $5 mill ....and will no one wants it as a singular entity , the ground it holds and the exploration undertaken , might be worth something in a package .
Directors look like they have "run up the white flag " on all entities ...too old , too tired , too underfunded ....too inexperienced in changing a very good exploration company , into a production company .
It isn't easy ...but you need a Board of much greater magnitude than Havilah put together .
The Board dismembered the body into parts ,, Curnamona and Geothermal ...and now have treid to stick the pieces back together .
Hopefully ...the Standard Chartered Bank association can "glue" a result together .
Some pretty unhappy corporates out there I would have thought ..Jp Morgan probably captaining the GOOD SHIP STANDARD CHARTERED .
Best guess only
cheers
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Mkt cap ! $66.15M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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2 | 136580 | 0.190 |
2 | 11065 | 0.180 |
1 | 17148 | 0.175 |
1 | 6010 | 0.165 |
Price($) | Vol. | No. |
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0.200 | 5555 | 1 |
0.205 | 20000 | 1 |
0.210 | 14000 | 1 |
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0.220 | 37822 | 1 |
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