Maybe JP might consider a buy back of EGS' reported remaining 8m IRC shares and cancelling them out !
He has to do something. Unfortunately we have lain with a dog and got fleas. EGS is a basket case.
In the past I know he has talked about 'arranging an off-market sale' when a big holder wants out. Has it happened to date(?)
Something has to happen here because this EGS situation will continue to cause angst.
- Have they met their earn-in requirements at Menzies? Seems to have been negligible drilling done. I'd like to see these valuable tenements back in our hands 100%.
Book value of IRC's gold resources ?, page-12
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