Ann: June 2024 Quarterly Activities Report, page-12

In the past and I presume still so you could appoint a favourable administrator, shareholders always get wiped out as creditors rank higher

another scenario is that company puts it to shareholders to accept a debt for equity swap as the alternative would be worse so shareholders will accept it and be left with 3% of the end company

hope it doesn’t happen but the key to what I’m saying is at one point the Chinese will say enough is enough

also note that Karridale group is Chinese owned, I wonder who is behind it?

one of Lavertons best deposits is called Karridale

mmmmmmm