It is not just who picks up the underwriting shortfall but also who gets the largest priority entitlement to the issue if Heemskirk goes for $800k.
Stellar is the logical buyer for our 40%.
Have they been approached directly for an offer ?
If not ? Why not ?
Eritrera, put it up for sale with a royalty clause.
If Chalice is next door, once again, they or perhaps Centamin would be logical buyers. Have they been asked ? If not, why not ?
Hope the ASX is now monitoring this site.
It is plain simple business sense to check with your joint venture partners or neighbours first in these circumstances.
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