AZC australian zircon nl

Lights are out., page-2

  1. 6 Posts.
    Basically wim150 will be sold to a hong Kong based company for $25m, which isnt enough to cover the money owing to DCM. DCM will have to cut their losses and AZC will be wrapped up. From my understanding the cash on hand will be distributed amongst the sharholders (~$150k). This assumes that the motion passes at the general meeting. If the motion doesnt pass, it is still possible although highly unlikely, that wim150 may be sold to another party for more money.
 
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