Ann: DVP: DVP & ESS Transformational Transaction, page-317

Hi HHH, yes the initially reported (in newspapers) $1b should of resulted in a good (ok) payout to holders so any reduction on that would initially be at the expense of holders though one must remember that under the DOCA the payout to holders was going to be nil.

But all likely to drag on thru the courts for awhile yet I am guessing, with DA at loggerheads with DOCA proponent and Receiver. And also a reported bid by Glencore that didn’t get much traction. So I guess a lot for the courts to scrutinise.

The MIN announcement today was pretty hard hitting on the goings on, worth a read.