I would be keen to hear from anyone who has a view on how this...

I would be keen to hear from anyone who has a view on how this story plays out in the months ahead.

Is the current situation that we are now a royalty business with only one (tier 3) asset?

To me the logical path is:
1) Sell the royalty for whatever we can get to an actual royalty company
2) Sell any other assets
3) Return all cash to shareholders via a dividend - should be about A$ 12-13c per share
4) Wind up and delist
5) Put nightmare behind me

Or are they seriously considering raising fresh capital and trying a new project?