So if I understand this correctly, we live to fight another day. We have replaced one debt facility from ANZ with another (bit bigger) debt facility from Liberty at a dilution cost of 10 billion shares or about 15%. Moot point given the share price.
Again if I read correctly, company will be returned to the Directors by the Administrators. I therefore assume all T&P and WICET obligations remain in place, so don't know how Care and Maintenance fits with that.
I think this appears good news, but I'm not quite sure.........any other views?
COK Price at posting:
0.1¢ Sentiment: Hold Disclosure: Held
