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?
- Forums
- ASX - By Stock
- GXY
- A40 Administrator update
A40 Administrator update, page-39
-
-
- There are more pages in this discussion • 150 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GXY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online