shareholders plan to lead relisting of ccu, page-35

alpaka, consider what you can bring to the table. You can bring more cash, and you have a listed company, currently suspended.

The value of cash is obvious - but you will need quite a lot of it.

The value of the listed company lies in:

It is expensive to list a company on the ASX, with prospectus, accountants' report, geologists' report - dunno how much they are now, $500k, maybe $1m.

The company has all the licences, rehabilitation bonds, original owners agreements etc. in its name. These are probably transferable, but there is time, and therefore money involved there too.

So there are clear advantages to a prospective group of investors, if they wish to retain the ASX listing and raise capital in addition to their own, to do a deal with existing shareholders so that the company's suspension can be lifted. Such a deal will also require settlement with all the creditors of some sort, so many cents in the dollar. Clear advantages; that is up to a certain $$$ amount beyond which they might as well set everything up afresh and not have to worry about creditors (or existing shareholders, some of whom might continue whinging about their losses for years to come - no disrespect intended to any readers, just what happens ....). A truly clean sheet.

Bear in mind that the VA's role is to do the best for the creditors. Speed is of the essence here as a going(ish) concern sells for more, and he can't afford to waste time. So a complicated proposal with all sorts of conditions, hopes and aspirations is worth a lot less than $25m here and now for the lot.