The Company does not actually own the Land. It is actually owned by the Crown (Government). The Company only hold certain Mining related rights. The value of those rights is not known as the Geological Reporting is incomplete and the Company has been unwilling or unable to complete or secure this necessary data. Therefore the declared value is minimal at best.
As for the debt referred to - there is no documentation filed with any authorized Regulatory Authority in which any of the declared debt is in dispute.
I have previously explained the legal and business logic as to how the Company could divest the property if the BoD felt / desired this to occur. I appreciate your comments in this regard but they would have a very solid argument if they made that decision.
I do understand how a large Company operates and I also understand how a Company such as Sarissa operates. And sometimes it just isn t pretty!
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