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clock Created with Sketch. 29/10/14
11:55
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Originally posted by damascus
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Yes they have exercised their right to appoint there own administrator to manage the assets they have a lien over but the assets on their own in this market will be worth nothing. Who will buy Springsure project which comes with a huge WICET liability attached....no one. So CS needs WICET to restructure agreement and BND will need a capital injection to move the project forward ( continue land holder compensation and mining lease approval) as a going concern for CS to have a chance of recovering their $50m.
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Man, I am not really one for faith, hope and charity but it is nice for a change to hear an opinion of guarded optimism. I guess it is just possible that the 12 month time frame delay could work in favor of investors. I sincerely hope so for myself and all concerned. Cheers!
