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Your doom and gloom out comes are unlikely. Each day that passes...

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rastus64

9,119 Posts.

126

07/06/17

08:54

Post #: 25139589
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Originally posted by reu ↑

Would be too risky

Shorters need an exit

If MZN lost against KDR the following would be likely IMO:

(i) Order for KDR's costs;
(ii) JT dismissal or resignation;
(iii) Proceedings against Rox Resources abandoned (not enough $$ in the tank and no appetite for further legal action due to loss against KDR and JT dismissal or resignation);
(iv) Few industry players would want to do business with MZN or its directors in the future.

And the following would be possible and not unlikely IMO:

(v) Another director resigns;
(vi) ASIC investigation; and
(vii) Voluntary Administration.

Voluntary administration, whether it came sooner or later, would be sudden and give shorters no opportunity to exit.

Personal opinion, pure speculation, DYOR, seek professional advice, I'm no expert etc

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Your doom and gloom out comes are unlikely. Each day that passes without a judgement is increasing mzn's chance of some compensation imo.

MZN Price at posting: 0.8¢ Sentiment: Hold Disclosure: Not Held
5 Upvote

0 Great analysis

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