AJQ armour energy limited
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The next line of the announcement answers that question"The...

  1. Mitchdon
    1,012 Posts.
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    11/11/23
    17:59
    Post #: 70848364
    The next line of the announcement answers that question

    "The receievers and managers are commencing an immediate sale process and are seeking urgent expressions of interest to acquire the group."

    Keeping it as a going concern to sell the group off. Then distribute proceeds secured creditors 1st then if anything left unsecured creditors.
    AJQ Price at posting: 10.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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