charge resources, page-27

I based my post on info from Maria. Here is a direct quote:

"The iron ore asset is the Company’s main asset as the Company has invested about A$70m in it (against the $20m invested in Rincon). In order to sell the main asset of the Company, shareholder’s approval is required.

Given that the shareholders are required to be invited to an AGM/EGM 28 days before the meeting is held, that would have been too late for the company as we would have proved to be insolvent when unable to pay the US$3m tranche due to Hawkswood Investments today."

No offence taken Troubleshooter. Perhaps a query relating to source should have pre-empted your post.