Anyone remember the Ansett airlines case few year ago? Not 100% sure but it seemed when it went to admin. The assets were sold approx. $3b but employees and shareholders got very little or none. If it is correct then what happen to our case. As most of good mid size companies drop 8-15 times from their high. So without the debt ADY should be in the range of 2c-4c. However,
1. If Rincon sale earns less than $30m then ADY will get none after paying the debts. So ADY still in the range 2-4c
2. If Rincon sale earns more than $30m then ADY will get some to buy the crusher for 1mt/y after paying the debts. ADY may be in the range 6-7c
3. If no one buy Rincon and if our case likes Ansett airlines then we may get none.
With 1msh. 1) I may have 20k. 2) I may have 60k and 3) I may get none.
To me it is a very difficult decision??
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Mkt cap ! $15.77M | |||
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|---|---|---|
| 0.7¢ | 843351 | 3 |
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