So disingenuous and mischievous (once again) !Your original objective of attempting to spread fear porn around the 'winding up notice' failed.
So now you move on to the credit rating of a Pty Ltd subsidiary company without disclosing the credit rating of the parent company - Catalyst Metals Ltd Regardless, if you did your research thoroughly you would find over 33 Pty Ltd subsidiaries and trust coys of BHP and Rio Tinto have similar credit ratings! Are you implying that BHP and RIO are in financial despair? Once again Its the overall financial condition and performance of the parent company listed on ASX ( you know the one that we have invested in) is what is of paramount importance not its Pty Ltd subsidiaries! Full Stop!So Lesson #2 from the old accountant tart: Smart publicly listed companies will have established over time a plethora of subsidiary, trust and shell companies to protect the mothership from potential liabilities and asset encumbrances - this setup whether you like it or not is known as best practice. an example (ironically) is Henty Gold Pty Ltd dealing with a poor performing service provider via a notice to apply for a winding up notice. This will unless guaranteed by the CYL will have NO financial or potential liability affect on the parent company as the contractual legal entity is Henty Gold Pty Ltd.
So what's next? Maybe a call to Greta Thornberg requesting she take up arms against CYL for not using carbon neutral paper in their photocopiers!
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- HENTY GOLD Windup Notice published on ASIC website
HENTY GOLD Windup Notice published on ASIC website, page-51
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