OK, just spoke to Peter Wall, the Non-executive Chairman who is, in his own words, happy to take calls from shareholders. He called me back with 20 minutes of me leaving the message. David King, MD, is in the Ukraine trying to covert interest into deals.
Farm-outs : they had a close one in June from a major company that got put on hold whilst they work on another deal. They could come back to the table at any stage. David King is trying to convert other semi-interested parties.
As option is to proceed with Lymnytska themselves if an interested party does not come to the table.
Peter Wall has invested heavily into this company and wants to see it work. He has been part of every CR along the way.
So the long and short of it, is that they are doing their best to make the business work in the current environment. There's lots of business still going on in Ukraine and it is possible that they could convert some of the current interest into a deal. All they need is the one.
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4 | 46350 | 0.185 |
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Price($) | Vol. | No. |
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0.225 | 10000 | 1 |
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