You won’t get a chance to bail, they won’t trade again.
MAQ first, MAH subordinated below them, then all the other contractors, then the suppliers and then shareholders.
Shareholders will get zero cents in the dollar.
Dont let anyone here convince you otherwise. It is the very sad truth.
The assets will be hard to sell as a going concern.
Nullagine needs two years of drilling before a restart and will with that said, Beatons Creek will never be a part of it because it’s a hoax and worthless- CAI knew this but chose to try sell another “reality”.
Marble bar assets are poor and can’t make money and the HAO assets are even worse.
Reality time, most contractors and suppliers will see zero cents in the dollar and shareholders less.
Again, very predictable and I feel for you guys. It’s a disgrace.
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Ann: Maiden Resource to underpin Nullagine Restart, page-181
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