If there is an asset sale, and that appears to be their intention then, they must seek shareholder approval to dispose of assets that are material.
This can be at the upcoming AGM or at an EGM (at additional cost). My analysis suggests that it will be at the AGM, and that this was the project plan put in place June 2023.
If shareholders approve sales, then they can complete the disposal transaction(s), and then [hopefully] return funds to shareholders.
OEL Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held
