And we have the option now to vote yes and condone the behaviour or vote no with the possibility of going into a Deed of Company Arrangement which will create terms through an independent deed administrator that facilitates a plan in servicing the creditors debt. The outcome may not be in offloading Leonora, it could involve another arrangement but at least management and board would not have the final say. It would be overseen. Some here may think we will be liquidated, not necessarily as we are rich in assets both above and below the ground we just have a current liquidity problem. Management is the problem.
SBM Price at posting:
56.8¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)