With the wind-up hearing scheduled for the 14th, certainly hope there is news related to a Hunt agreement in advance of that.
The question as to whether the liquidator can 'sell' the license, such as it is (Bellevue must be completed in 8.3 months), is a crucial one.
- If not, forcing dissolution only gives Hunt revenge, the company (GSLM) has no other obvoius assets (if they did, they would be 'hocked' to find cash to drill.
- If so, Hunt should stand a reasonable chance of getting their money back. The EEGC (and I'm assuming GSLM) balance sheet has been cleaned up substantially by the RO, with over $9M taken off the books by Mr. Bendall.
Mr. Bendall puts the value of the Bellevue/Thunderbolt lease at $2B+; even at 2% likelihood, those interested in gambling would value it at $40M. And 10% of THAT number would pay back the remaining debtors, including Hunt.
Since going to court will cost Hunt money, and arguably negative publicity in Tasmania/Australia, it would seem logical that the liquidator can somehow monetize the lease.
Maybe there is a poster who knows for sure?