Ann: Update from Receivers and Managers, page-105

There will plenty of gold producers and/or investors interested to buy CAI assets for 30% of what is worth... or basically for nothing.

They will clear the hedge book, recapitalise, bring their own mining team and in 1 year the company is very profitable at current gold prices. Most capex already spent.

Unfortunately, current shareholders are not going to enjoy the turn around. Another sad story of a company going broke while gold at all time highs.