I don't understand why anyone would take them over - their only operation in Finland doesn't make profits(unless you believe 'Adjusted EBITDA' is a profit figure - it isn't believe me), 80% of their debtors and inventory are financed, I don't believe they own the land that the building sits on(they might even be paying rent on the building)- the Finland business doesn't make money so in my book it's a worthless asset.
ICO mine(on C&M) - production was always going to be too small to ever be economical - another worthless asset I'm afraid.
Brazil SMP- they are leasing this refinery and still(due Jun25)owe R62.5mil(A$18.75mil) - if they don't make this payment they'll get turfed out - again another worthless asset.
Couldn't sell their NICO lease so have taken it off the market - another worthless asset.
They have nothing - even the cash is strictly not their's - somebody will be coming after that part of the business shortly - they won't be able to just run that down to zero - it ain't going to work like that - the end is nigh.
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