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Yeah what's he going to say, admit that he lied right through...

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Mastatrada

1,153 Posts.

254

01/08/24

23:18

Post #: 75035803
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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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Yeah what's he going to say, admit that he lied right through the process and cherry picked data to support the DFS ? He probably wouldn't even admit that to himself. All failed resources MDs beat the same drum; it's never their fault, like the clown who ran KLL into the ground, blaming NAIF for a 'rug pull' when it was abundantly clear he couldn't make the process plant work

CAI Price at posting: 11.5¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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