HAZ 0.00% 4.0¢ hazelwood resources ltd

Ann: Suspension from Official Quotation , page-34

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  1. 596 Posts.
    "this time its not going to be good news".

    I agree delta charlie.

    There was only just enough money to survive the last quarter so without a cash injection this is no longer a going concern.

    I reckon there are four possibilities:

    (a) Administration

    (b) A white knight provides enough cash to prop up the company for another quarter.

    (c) Production (highly unlikely in the present climate as it requires a massive amount of cash and goodwill)

    (d) Sale of assets (it'd be a bargain basement sale if it happened: pretty sickening)

    I've given up being optimistic about this Company: it looks like it's going to join PLA in my stable of companies in administration.

 
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