To me the following section clarifies the process going forward in regards to the assets, operations and undertakings.
It is my understanding that any full or partial sale of the secured assets (which as we know includes the companies of most relevance to shareholders) by the receivers and managers (KPMG) will need to achieve fair market value, be that stockpiled spodumene, tenements or the operation itself. If a restructure of equity is to occur for Alita the listed company, as shareholders know it, it will likely need to be approved by the creditors through the VA process.
With KPMG and KordaMentha involved I'm sure everything will be done by the book but the future of the Group lays in the hands of the creditors.
- Forums
- ASX - By Stock
- Creditors meeting minutes
To me the following section clarifies the process going forward...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add A40 (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online