they are heading for a deed of company arrangement to pay back creditors without winding up or liquidating all company assets. I haven't read it in full, but more will be known after the next meeting 21 June. ultimately, creditors who are owed money will vote on the way forward. shareholders are last to receive anything if the company is wound up and liquidated. what I am interested in is the real value of the assets and mines. If it was underperformance of the miner that resulted in the cash flow issues, can another miner make a go of it and be commercial?
