If I recall correctly it owned some producing gas rigs, but had a large bank loan that had to be paid of by x date. The BoD had to sell the assets to pay off the bank loan, which left about £2 million+ in cash after that with no other assets. I think anyway.
Patel lives abroad so it shouldn't be too much of a problem to him. Charles on the other hand I don't know where he resides. He is a director of ACP as well which is not exactly lighting up the sky but gold is a valuable commodity and he seems to know a fair bit about it, so a good gold investment here would send the sp in the right direction with a bang.
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