annual accounts23 Oct 2016 12:04
£25m in accumulated losses, 1.7p of cash, no debt, low overheads, 37.5% stake in sc55 with no commitments under memorandum until Dec 2017 and the option to farm down or relinquish in that period, Georgia no commitments. New venture is being discussed by the company and an email reply on here suggests a target date of end of 2016 to complete a deal. What's not attractive about a £5m market cap and 1.30p share price.