There are more questions that answers IMO :
Understanding that IJV is now producing as per schedule ( otherwise Noble would not have taken this up ), what happened to the revenue from April ? If they are producing circa 3000 MT per month, that would be roughly $6 M per month ( 60% to SL1 ). ? the deal occurring on 13th September, who rightfully owns that revenue ?
Is Noble still holding the 19% shares of SL1 after this ?
This was a corporate robbery IMO. 19% share holder literally stole 80% of the company assets. So, they basically invested, paid themselves with the SSA and took all the assets..
On a positive note, all the debts and liabilities taken over and with the Tawny project in ownership, the shell value of $5M reasonable ? I don't know.
There are more questions that answers IMO : Understanding that...
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