Hi GCar, no, doubt it would be that simple, perhaps there would need to be a further capital injection to re-capitalise it and some interest from Off takers. Really without knowing the details of the proposal and what the plans are it's really difficult to make an assessment as far as impact on shareholders, but the VA has indicated it's a better outcome for Creditors than the GXY proposal. That's my understanding anyway.
Would the VA bother seeking a loan just so someone else could strip the assets?
Add to My Watchlist
What is My Watchlist?