Just thinking how this plays out, assuming that operations are...

Just thinking how this plays out, assuming that operations are currently cash flow negative (key question that's unanswered);

1) Operations should cease, employees paid out, break fees,
2) Site put on C&M.
3) Directors take careful legal advice about solvency.
4) Sale process conducted by directors or administrators.
5) Trafigura is the secured creditor owed $45m USD plus interest, say AUD $77m
6) preferred payments to Employees, administrators, consultants.
7) not much if anything for shareholders.