Wobbly, agree with your thoughts.
The only explanation that I can find here is that after all this time, something very significant is about to occur.
From the last announcement:
As at the date of this report, the Company has received a number of non-binding indicative proposals and the directors, based upon feedback received from the Company’s US advisor, believe that one of these will conclude in a refinancing or asset sale / restructure which will facilitate the repayment of the Company’s secured term loan outstanding principal and fees, outstanding trade creditors, and provide the Company with sufficient working capital to continue to develop its oil and gas assets on a going concern basis.
If we were looking at simply refinancing, then why has the process taken so long?
The "or asset sale / restructure" bit would appear to be more complicated to complete and may be what we are waiting for.
I know that this has been speculated here before, but my vibe is that we may be only days away from acquisition?
Wobbly, agree with your thoughts. The only explanation that I...
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