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Ann: Update from Receivers and Managers, page-115

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Jonnyash

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27/07/24

17:33

Post #: 74945367
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Originally posted by NotRelevent: ↑

not a holder here but just thinking out loud. I don't understand if it was maq bank that made the final decision to call in receivers and or stop production. Surely without the hedge the mine would have been somewhat profitable surely???
Even if only a minor profit without hedge obligations it would have been worth keeping the mine going to generate some positive cashflow?

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Calidus board called in FTI. Macquarie called in KM afterwards.

CAI Price at posting: 11.5¢ Sentiment: None Disclosure: Not Held
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