Just to add, it is possible that the company, due to its cash position, decided to go into a form of care and maintenance mid 2019 to conserve cash in the hope that things would progress in the meantime to enable them to later on do a more supported capital raising.
I fear that the above appears to be being generous to the board and their motives. I don’t really know why they stepped back.
Where Are We At?, page-10
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