2 million shares is a decent amount if your buy in price is 80c. So I wouldn’t rule out Forager or any other insto.
I agree with your second para.
At the end of the submission there is a reference to Limebridge Consulting being part of the strategic review. Interesting company with a good client list. https://www.limebridge.com.au/
how low can this go?, page-446
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