As I read it,
DGR offering 54.8m to settle all outstanding bills and will own 100% of AJQ
ADZ offering 35.6m, will settle all bills except DGR 21m notes and some other items. Will cherry pick some entities and put others in liquidation
Administrators chose ADZ because they don't trust DGR boards claim that they have both funding to cover costs through the 6 weeks and funds to pay the 54.8m.
That really says something about DGR, that the Administrator chose a Chinese backed company who are going to liquidate some companies and terminate Australian jobs just to keep some tenements only because they have provided some initial funding, over DGR who are offering 20m more and have detailed the two companies they have agreements with to fund the purchase.
Would have thought this qualifies as something the DGR board should announce to shareholders yesterday.
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AJQ - final Administrators report, page-2
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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1 | 50000 | 1.2¢ |
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Price($) | Vol. | No. |
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2.0¢ | 499999 | 1 |
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No. | Vol. | Price($) |
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1 | 50000 | 0.012 |
5 | 1785559 | 0.010 |
1 | 100000 | 0.009 |
2 | 370000 | 0.008 |
2 | 600000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 499999 | 1 |
0.038 | 200000 | 1 |
0.045 | 50000 | 1 |
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