It seems now that FIRB has rejected the original deal, the liquidator only has to work to recover all debt for the creditors and ensure all taxes are paid. They don't work for us so aren't concerned what happens to shareholders.
We've been here before so I expect we will be bent over a second time. MIN will pay the barest minimum to cover all outstanding costs and as we saw the first time round, there is no such thing as a fair independent valuation once liquidators are involved.
A40 Price at posting:
8.2¢ Sentiment: None Disclosure: Held
