we are getting nothing, as in zip, zero, zilch .... no matter what! If the DOCA goes through we get nothing. If it gets liquidated unless there's some miracle we get nothing as secured creditors, staff, administrator fees etc etc all line up before shareholders and unless they get more than about $16million then we are out of the picture because all debts etc add up to about that.
Valuations for liquidation are under that $16million too, and was more than one valuation. There was also a comprehensive mining report and it stated that die to the geology that if you did drill it and did not drill closer than 17m apart you had no grade control. So any buyer would think of the size of the drilling campaign required to pinpoint the resource to get the AISC down.
The 444GA action is to turnover all shares to the company as part of the DOCA deal. Yep, were all fooked!
- Forums
- ASX - By Stock
- Ann: Removal from Official List - Annual Listing Fees
we are getting nothing, as in zip, zero, zilch .... no matter...
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CTL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online