The reality is these things do take time and as always patience is required from shareholders as this is a potential company making transaction.
With a market cap of just $15m I think the risk is to the upside however I can understand why investors are frustrated at the lack of communication from the company.
From my perspective I believe the more due diligence completed by the company the better. If Palace as expected confirm this acquisition in due course we as shareholders can have a degree of confidence that the company is well aware of the potential of the asset based on the many months spent completing due diligence.
One would think news flow is not too far off.
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Dani Nadri, Country Manager Australia
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