There was a further development earlier this week, with the second meeting of View Resources’ creditors being adjourned for a 45 days, which means that the meeting must now be held by 25 July 2008.
The adjournment is designed to allow interested parties that have submitted offers to complete their due diligence and finalise their proposals, whilst also allowing Andrew Saker of Ferrier Hodgson to analyse each offer and hold discussions with interested parties.
This means View Resources shareholders will have to wait a little longer, but in our view this should be seen as a positive development. The interest shown by various parties has to be seen as a positive in our view, which could lead to the best possible outcome for shareholders, i.e. the re-quotation of View Resources shares on the ASX.
In the meantime, Members can access past information on the View Resources situation on the Ferrier Hodgson web-site, by clicking on the ‘Current Administrations’ link at www.ferrierhodgson.com.au
We will keep Members informed as to developments.
VRE Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
