ferrier hodgson administrators reports

Administrators reports have been posted leading up to Creditors Meetings 12/1/10

AARII do not want to re-list but Administrators propose DOCA for View Resourses and View Nickel be varied and continued to ensure maximum return for sale of 30% share in Carnilya Hill. AARII will have a right to bid for this Nickel asset.

Looking at all the figures it does not look to promising for shareholders to get much of a return after all the assets are realised under the DOCA and debts are paid. View Resources will be an empty shell in the wash-up.

Intersting to note while in administration View Nickel has received about $6m in payments from Mincor for nickel sales.

All reports can be accessed from FH Website.

http://www.ferrierhodgson.com/en/Current%20Matters/Corporate%20Recovery%20Matters/View%20Resources%20Ltd.aspx