I was in touch with Neal recently and from what he was saying the consortium are not interested in a compulsory takeover and delistment but rather allowing the company to issue more shares to progress its current projects and potentially purchase other potentially profitable investments.
"It was never the intention of the Consortium to delist the company. As such I believe that you are very well positioned. We now have substantial fire power in the form of both cash and shares, theoretically being able to issue in excess of 1 billion shares without the Consortium losing control. Our challenge will therefore be to find value accretive opportunities, use our equity and improve liquidity."
Thanks grndragon
GDO Price at posting:
55.0¢ Sentiment: LT Buy Disclosure: Held
