It will take the liquidator 3 to 4 months before he can start the process of paying out the cash to shareholders. at least 5 to 6 months before we receive the funds. all of 5 to 6c per share.
Great to see the legal system is working diligently on protecting minority shareholders, congratulations to McGrath Nicols for destroying shareholder value !
Please explain?
1 Shipment out of ??
20,000 tonne shipment of 5.5% Spog @ USD 5,000 per M/T (2022 pricing)
Cost of production USD1,300 per m/t (extremely high)
Gross Margin - USD 74 million - MIN pays out outstanding debt of AUD 73 million on October 30 2023
Where have all the sultanas gone?
Who says there's no sovereignty risk in Australia.!
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LIQUIDATION & BALD HILL FOR SALE, page-1504
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