FIRB still to approve.
IF approved, Admistrators may be offered a ' new ' price of 22,32 or 52 cents a share. MM may cherry pick. MM would have the whip hand. Administators owe duty to banks and secured creditors, not to shareholders and unsecured creditors. The Administrator would also take out tens of millions of dollars for thmselves and might just like to take a year or so to sign it all off to a zero just above the shareholder return line.
- Forums
- ASX - By Stock
- OZL
- should not be trading
should not be trading, page-35
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OZL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online