At a 35% discount to NAV, new deals are not a good use of funds. While this persists, far better, as capital comes available, pay of debt and buy back shares. I.e. an orderly wind down in all but name.
Is there no legal requirement to issue a RNS with the record date? I would have thought that this information would count as leading to substantial share price movements.
I suspect the main thing preventing the govt of ROC from confiscating our license for non-delivery is that then they would then have to deal with the Chinese directly to get the mine built :(
RE: RNS - Update re Sale of IM Minerals14 Jun 2023 17:28
This seems to suggest AAG are having difficulty scraping together the initial 2 million. Doesn't auger well for them finding another 15 million to pursue the claim...
Possibly alternative short term negative explanation: The executors know nothing we don't and are simply tidying up the estate and plan to sell the 5m shares on, or soon after, 8 Feb.