It would take an unprecedented and incredible feat of legal hoop...

It would take an unprecedented and incredible feat of legal hoop manouvering for it to come back on LLL.

The creditor would have to sue Morilla SA - and finding the cupboard bare would have to go to the 80% owner of that which is a Jersey shelf company - with no assets, and then you'd have to get a Jersey Court to agree the Shelf company was liable for Morilla SA's liabilities and furthermore the owner of the Jersety shelf company was in turn liable. (Jersey the place itself is set up entirely for the specific purpose of NOT doing that - LOL) Then you'd have to sue LLL in Australian Federal court and have them agree with the above fantasy.

I mean that is just BS. Never happening.

But anyway seems like the biggest creditor is getting the mine, so they'll be happy enough anyways. At the very least they can flog the plant to a new gold project and save themselves the legal impossibilities above.