So, barely enough cash to survive another 6 to 8 weeks. The company is on its knees and the directors must be hoping that EG is merciful.
What prospective vulture would purchase liabilities now when they could simply wait a bit and pick the bones clean once the creditors have been waived off by Administrators?
I personally know of execs that are salivating at the prospect of picking up some of OLI's (very few) choice sites.
Ann: Appendix 4C - quarterly, page-4
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