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21/09/14
21:01
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Originally posted by NOR
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goggy from AG ] Can not see any quick ARL wind up as both ARL and now Castlereagh Capital (as private agents to ARL) are still selling off assets as they can. We have agitated ARL for the termination of FTI Consulting services and their fees. The PIF AG feel that Castlereagh Capital would be more effective converting our assets to cash for distribution. Not much left as far as ARL assets go with the main assets remaining being the Forest Resort (Vic), Kooralbyn Estate (Qld) and vacant land at Townsville (Qld)
Note: Castlereagh Capital is now the main agent selling remaining ARL assets.
4] Just wildly speculating , but we may now see a 1c in the dollar (1%) payment within the next several months from ARL
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It is not about everything turning out ok. It's about being ok, no matter how things turn out."
Stay strong pifers. Nor.