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1.9¢ navarre minerals limited

Ann: Appointment of Receivers and Managers for NMQ, page-13

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oldgold64

2,605 Posts.

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29/06/23

18:14

Post #: 68540019
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Originally posted by 351gt: ↑

The shares aren't worthless- but they will most likely be worth- less. The administrators were probably brought in because the financiers were losing faith in the board's promises/ followed by requests for more cash. I'm personally assuming parts of 'other discoveries' will be sold off to prop up Mt carlton- but there's cases where administrators put a functional business back into the hands of owners- repaired and whole. It's just a matter of the numbers of the debt / and the ability to repay. Banks usually get paid first. Everyone else second.

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That would be good news for us brow beaten punters, I don't care about the share price ATM, just that we can have a functional miner that will repay us when the time comes.

NML Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
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