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Ann: Altura Awards Mining Contract for Pilgangoora, page-40

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  1. 6,296 Posts.
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    Zoomy. The coal debt is vendor debt and I do not know the exact terms. The way it has been continually rolled over for years I suspect they may have terms that allow them to walk for minimal losses. Must ask that question one day.

    They will be getting the highest proportion of debt they can and we just have to wait and see.
    At least I'm confident James has tried everything to minimize dilution. Something he mentions on the phone but also follows up by flying all over the world. Not just a quick fix and screw the current holders.
 
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