I am still amazed how quickly all value has been extinguished for the companies shareholders.
Arguably hurried into administration shortly before Federal government approvals came through. And now it all amounts to nothing, multiple projects, Jorc reserves/resources, WICET stake, $70m cash and nothing left after the Swiss an Co get their est $73m commitments extinguished? Quite astonishingly efficient, this process. Cant wait to see who ends up with the projects and whether they are sold via a closed single bidder auction for a dollar each.
Gets a mention...
http://www.amegroup.com/Website/FeatureArticleDetail.aspx?faId=63
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