Who could the creditors be?, page-21

They pluck these figures out of mid air... "Somewhere between 1 and 2 mil in exploration? Better put down 1.5?"

"And 1 mil sounds good for us, right guys?"

But seriously, 1 million dollars on administration in a quarter? 4 million a year for what? To bend over and give our equity away at cents on the dollar...

Shareholders would have taken a cap raise at 3c over this.

Anyone who thinks they can re-capitalise or re-list now is kidding themselves. Re-read the "shareholder" update from this morning and you will see where the priority is going to be - "creditors" are mentioned on every second line. Let's hope the creditors can get their couple of mil back!

Meanwhile shareholders who have invested 100 mil+ get a short statement at the end to say that we better not come to the creditors meeting.