Might be a while till things are sorted but I dont think its fully over.
Voluntary admin is as Newjo said...much better than liquidation...not the best position to be in..but not over fully.
The administrators may find a way out of it...also...what if copper prices recover..they seem to be moving up again.
The administrators will slip in there and deal with the creditors and hopefully come out with some agreement that satisfies both sides and then life goes on and TMR goes on.
If its really bad..then yep...liquidation...but you never know. To me..liquidation means everything goes and shareholders get nothing basically....voluntary admin I would put at a 50-50 chance of survival so I wouldn;t give up...just a waiting game now.
TMR Price at posting:
1.4¢ Sentiment: None Disclosure: Not Held
