On the 21st of Nov 19 the company announced that they were no longer able to honor the terms of the funding agreement with Qcoal due to the rock falls.
Therefore under those circumstances aren't the BOD legally obliged to immediately place the company into voluntary administration.
Instead the BOD made a request to qcoal for futher funding and waited until the 18th of Dec 19.
Could someone please clear this up for me?
B2Y Price at posting:
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