ferrier hodgson circulars, page-6

It basically means the creditors are over seeing the sell-off of assets to recoup money. Most probably managing the sell-off of C-Hill.

VRE ain't dead yet! If they can get a quick sale(doubt it) of C-Hill and can sort the grade problems out then VRE may be okay.

However seen as Bronzewing was one problem after another it very probable it will never be cash-flow positive.

Feasibility study was done based on GOLD being $800AUD a OZ. Its becoming apparent the study was a total stuff up considering GOLD is now $1000AUD.