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0.9¢ centennial mining limited

Ann: AUL:AuStar enters discussions with Centennial Administrators, page-18

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JoeBlow

1,189 Posts.

246

15/05/19

08:22

Post #: 38566921
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Originally posted by precis: ↑

If we have debt of $16 million it would have to be about $10 million more than the accounts showed. Maybe we'll end up owning shares in the new 'merged company' but shareholders have been coming last for a long time, so perhaps there is no hope of even that.

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Yeah, how the hell does $16million come up now? Surely there had to be ongoing insolvent trading?? Debts that weren't on the books???

Also the ongoing operations .... in my experience that's the Administrators security for payment, they aint doing this for free.

CTL Price at posting: 0.9¢ Sentiment: None Disclosure: Held
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0 Great analysis

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