Maybe go into receivership and then private buyers pickup up the operation for around $70m (equal to net debt). Then they could forward sell as you say, to fund their buyout or just mothball for awhile. Unfortunately however, nothing in it for shareholders.
On a more positive note, at the last AGM management claimed to have access to almost limitless funding from Singapore, so hopefully it still holds true. We shall see.
AGO Price at posting:
12.0¢ Sentiment: None Disclosure: Not Held
