MinRes will pay out Austroid's "SECURED" debt and purchase Austroid's shares (approximately 10% of Alita). This will make MinRes the secured and only creditor. MinRes will have Alita wound up. MinRes will purchase the Bald Hill asset. Shareholders will be at the back of the pack hoping for a share of the spoils. In all likelihood, once lawyers and everyone else has had their cut - shareholders probably won't receive a great deal.
- Forums
- ASX - By Stock
- A40
- LIQUIDATION & BALD HILL FOR SALE
LIQUIDATION & BALD HILL FOR SALE, page-782
-
- There are more pages in this discussion • 1,166 more messages 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 A40 (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online