Ann: Appointment of Administrators to Cromarty Resources, page-54

These things usually don't end well .
The only way forward would be if their shareholders were prepared to put up more equity capital and I don't hear much willingness to do that on this forum .
RVR is not in the hands of Administrators yet but it has guarantees for Comarty debt and no income and the management has largely abandoned ship .

We live in hope but I have in my mind written off a large loss here .
I got this one wrong and should have taken a much smaller loss quite a while ago because all the signs have been there for a while .