The management could have adopted so many so many crooked legal exit strategies for their own self-interest and do what was done for another overseas producer gone bust, one of which is to spruik a potential new buyer is going through their data room while at the same time trading insolvent for breaking its debt covenant, and sell out at the peak of irrational euphoria before declaring VA 2 weeks later. But no, they had to just slowly plug the holes in this ship one by one painstakingly.
They have not broken any debt covenants, and have paid all their dues to date. They have also sorted most legacy production and financial issues with Triton and is producing cash-flow positive, besides getting rid of Mt Muro with the mother company intact. IMO this is the right management for the job. What do you think a new management should improve over what these guys have done so far then?
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