1MC 0.00% 3.0¢ morella corporation limited

Ann: PLS: Conditional Agreement to Acq. Altura Lithium Operations, page-490

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  1. 18,823 Posts.
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    I don’t think $6M is enough to pay all the creditors Medicalscience.
    The contractor, NRW is owed $9M alone and then there are all the others - trucking company, shipping etc etc.
    Plus there is the legal claim on $5M by Civmec from when the plant was being built.

    As I understand it the only creditors who will get a look in ( if the DOCA option is agreed to) are the ones contracted to ALO ....
    (Some may not be.)

    And there may be a shell company left at the end which retains rights to any gold (?) and has a coal interest in Indonesia ?
    But I am not sure.

    cheers
    Last edited by sabine: 03/12/20
 
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