mincor pulls plug, page-37

It is possible.

VRE were in debt to the tune of about ~15 million dollars, losing about 3 million a quarter? Which potentially makes another 1-2 million in debt since reporting.

It all depends on who has rights to any money first. I doubt Investec would have allowed money to be paid back followed by immediate draw down.

Just shows how incompetent management were to sell their only cash flow positive project.

P.S. - I suggest you re-read your post where you say VRE sold CH to MCR.