Hi All, Am new to this forum but also caught out in the DML...

Hi All,

Am new to this forum but also caught out in the DML debacle.

I have spoken to a Michael Ryan in the Perth office for the VA administrators & from the discussion they themselves are still trying to work out what the whole DML situation is being only about a week since this has happened, he indicated that there are 4 possible outcomes with the only negative one being not enough equity to pay the debtors which means no return to the shareholders.
It was also pointed out the DML was a little different than normal VA clients in that not only does the company have assets which we all know but they also have listing in Africa which is very important if you are a company trying to get exposure to African mining without having to go through the bureaucratic process.

It was also highlighted that this process takes a long time no matter the outcome unless as another poster pointed out that a buyer is willing to take DML of the administrators hand by buying the corporate structure.

Good luck to all including myself