The Directors are smart cookies with an extensive history of...

The Directors are smart cookies with an extensive history of successful ASX business transactions, takeovers, RTO's etc.... DYOR and this claim will be readily confirmed.

I also find the fact that these particular Directors remain in situ reassuring believing that none of them are likely to hand over a potential $30M payday - albeit a potential legal claim, that is big money by anyone's definition.

From last Quarterly report issued 25th Oct 2016: The Company is confident that it has legal claims for compensation against the Government of Egypt for expropriation, or measures tantamount to expropriation, of its interests in the Abu Dabbab Tantalum‐TinFeldspar Project, on which it has spent in excess of US$30 million up to early 2015. The Company is also confident that it has other legal claims against the Government of Egypt, including claims for violation of Egypt's obligations of good faith, transparency and non‐discrimination. During the September quarter the Company, working with Clifford Chance, has continued to build up the legal case and is working to secure an arbitration funding agreement in the current quarter. This is a followup to earlier discussions with funding groups which included receipt of an indicative informal offer. The Company needs to secure such a facility to continue its compensation claims. Whilst there is a strong sense of strong sense of optimism within the Company that this funding process will be successful, there is no certainty of a positive outcome."

An update by way of Quarterly report is due for the Quarter ending December 31st 2016 and in line with previous reports would think this should be issued in the next week or 2.

Hold tight - this is a penny stock (high risk) with massive potential.