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He has to convince the creditors that his figures are good, when...

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stag11

3,342 Posts.

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01/08/24

21:54

Post #: 75035102
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Originally posted by pablo2: ↑

Empty Nose, good point, probably Macquarie’s plan before the Cash Raise.

Dazed, just got another quick response from Dave where I asked him why Voluntary Admin and why on June 28th.
He states, it was forced on them by Macquarie and that the mine is running well. He states it will all come out in the DOCA process.

I looked up DOCA - Deed of Company Arrangement. A binding arrangement between a company and its creditors that sets out how the affairs and assets of the company are to be dealt with. A DOCA is usually the outcome of a voluntary administration process in which creditors have voted in favour of a DOCA proposal

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He has to convince the creditors that his figures are good, when in the past they haven't been. A man can only be judged on the worth of his deeds . What do you think they would do ?

CAI Price at posting: 11.5¢ Sentiment: Sell Disclosure: Held
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