I have received reassurances that the NAV is still 350mill.However the problem now seems to be one of liquidity regarding these assets.If they can not use the monies or secure loans against them then the share will be unsuspended at a much lower than 50p price.
People who think the suspension was a masterstroke orchastrated by the management are the type of people that believe in ufo conspiracy theories.There was real bad news, an impasse with the transfer of funds possibly. Whether this has been resolved I know not.
There is light at the end of the tunnel but it is a long ,long way off and there could be a drop at the end of it.
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