Australia's largest stock trading and investment forum Australia's #1 stock forum

KBL

Click for more information

0.00%

0.1¢ kbl mining limited

Ann: Notification of Adjournment of Second Meeting of Creditors, page-10

First 10 Last

Share
Profile

Follow
Stevienix1

426 Posts.

45

08/02/17

10:59

Post #: 22450208
Share

Originally posted by J.W.Pepper ↑

I think its the opposite - "creditors resolved that the Second Meeting be adjourned for a period of up to 45 business days to allow the Administrators further time to negotiate the Proposed DOCA and report to creditors on its revised terms. It is the Administrators’ intention to expeditiously conclude negotiations and report to creditors with a view to reconvening the Second Meeting as soon as practicable. We will provide creditors a minimum of 5 business days notice of the reconvened Second Meeting."
to me it sounds like creditors are fairly happy with the administrators proposal and that there is a just little bit of fine tuning to be done, could see the second meeting in the next couple of weeks IMO.

Expand

KBL Price at posting: 0.1¢ Sentiment: Sell Disclosure: Not Held
3 Upvote

0 Great analysis

Reply

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

MIN

Ellison slapped with $20M sanction from MinRes but will stay on as leader – for now

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

First 10 Last

Add KBL (ASX) to my watchlist