"I consider this a write off and lesson learnt "
If you are playing around in this end of town small cap miners and explorers it wont be the last one that goes under, all I can say just invest money that you can afford to lose as long as one company you hold 5 or 10 bags you can afford for 3 or 6 companies to go bust on you (of course if you invest roughly the same amount in every company) and still walk out with a healthy profit.
I am one of those people that usually hold onto my shares till its to late or unable to sell them.
I was lucky I offloaded about 15% of RVR @ 10c but to slow to act with the rest. Or just follow Wassa he seems to know the right time to sell out lol
These administration processes are always long and drawn out usually around 2 years
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