RE: Personally...11 Jul 2018 15:23
Yeah Bradis, I ask myself that very same question... why now... if you read part of the chairmans statement in the last report:
The way forward
The planned further development of the Petišovci project and the diversification into other regional projects is not an option currently available to the Company without potentially significant dilution for shareholders.
Doing nothing is not an attractive option, although in a previous era it would have been the choice of boards less interested in maximising shareholder value.
We have received several expressions of interest from industry players interested in working with us to allow the development of the Company as indicated above. These include farm-outs and general strategic partnerships. These are at an early stage and time will tell if any bear fruit.
Rather than wait for these or other options to materialise, we have decided to take a proactive approach and initiate a Strategic Review in conjunction with GMP FirstEnergy, an independent advisory firm with extensive energy sector expertise. Our purpose in this is to identify a partner to work with us to maximise opportunities to develop our existing assets to their fullest potential and, as appropriate, other assets in the region.
By so doing we expect to maximise the chances of a deal with a long-term partner to the benefit of all Ascent shareholders.
Basically... it could all be bluff... but CC states that they have received expressions of interest... maybe this SR was formalise that interest, with or without the permits!! Anyway, it's ongoing... so we will see I guess?