Sure Doc...
Actual shells have no businesses hence they are allocated a specific time frame to acquire one and if the don't they go into suspension... that time frame is 6 months... that is why most shells keep one or two leases till they acquire a new business... NHO dumped all their leases and ended up being suspended after the lapse of 6 months...
Wpi dumped their WA leases as per last annual report. They also relinquished their 3 leases in Liberia and closed their office as per September quarterly... I personally think WPI still holds one lease but @Gladiator2 thinks they have dumped all... which makes sense as Liberian office was closed in September quarter...
Now keeping in mind 6 months time frame, they need to acquire something by end March... to clarify this issue, I even called Cicero and left a msg for MW... but I did not hear anything as yet and it's been 3 business days...
Cheers
WPI Price at posting:
3.3¢ Sentiment: None Disclosure: Held