Ann: Update on deed of company arrangement proposals, page-32

It looks like Centenial shareholders get to share the spoils of 200grand. That is if I read it right.
Total shares divid by 500 multiply by 10 cents

inferred resource 240k ounces means company valued at a dollar per ounce

administrators certainly take their pound of flesh but do not seem to be to excited about getting a decent price for the gold in the ground.

a value of between 10 to 20 dollars per ounce in the ground is a number I have often herd.


do shareholders get a chance to vote