Liquidators answer to the unsecured creditors, receivers answer to the secured creditors. Ordinarily, where there are no secured interests registered, the liquidators would of course be completely responsible for selling the company assets.
However, in this case the secured creditors have appointed a separate reciever KM to take charge of selling the mine, which leaves the liquidator with nothing to do essentially.
MBN Price at posting:
8.3¢ Sentiment: Sell Disclosure: Held
