worth support, page-10

It is all about what value/equity will be left over for share holders after creditors are paid or agree to other remedies after IMC put in their cash and non reqired assets are sold. The crux will be the true net present valuation of Carnilya Hill and what what can be achieved from the sale of Bronzewing mine and infrastructure and equipment (on hire purchse). It is important to realize good prices for the equipment (after all its hardly been used).

Naturally the major shareholders IMC (particularly) and Lion Selection will want to protect their equity. Other shareholders need to band together perhaps to look after their interest. Perhaps the Australian Shareholders Association members who have View shares may be doing this for them or individuals can register interests independently. However, it will come down to a vote I guess in the end (if the Company is to survive and be restructured. It is important that it does not become confrontational at any level and end up in court but sorted out by the administrator and creditors - otherwise nothing will be left over for unsecured creditors and shareholders.