IMV the Iranians just don't like the finance costs of Mehdiabad,...

IMV the Iranians just don't like the finance costs of Mehdiabad, and nor do they like the resource discovery costs of Mehidabad (can't think why else Impasco would be happy to provide a guaranteed ore supply). Equity finance on the other hand from any normal Western country can't be supplied on the basis of the prospective returns being similar to the returns on bonds. The solution seems simple then: issue the Iranian Govt. a pile of new UCL shares in return for transfer of the exploitation licence. Given today's share price it looks touch an go whether we will survive as a going concern. Does anyone know if our major shareholders are supportive at this sort of share price? Continuing to hold (nervously!). P.S. Big 15 page report in last week's Economist on Iran. It suggests that no elected Govt. there has carte blanche to implement its policies because of the existence of "unelected parallel control strutctures" to maintain the purity of the Revolution. Seems like we are a victim of one these unelected parallel control structures: today's quarterly report refers to some Iranian Govt. attendees at the dispute resolution meeting in February being in favour of resolving the dispute; obviously others present weren't.