Now for the DOCA to be acceptable to all parties and Creditors be satisfied. The Administrators then are required to hand the Company back to the Board of Directors. AARII/IMC will will hold all the cards basically so I would love to know what their plans are for View Resources. Hopefully they will want to VRE to remain listed and become their own mining entity (as distinct from previously being just an investor).
IMC have the clout to expand their mining interests in Australia and what an opportune time to do so! I would be happy to go with the flow if they choose this option. I won't be interested in selling on re-listing. Could be anyones guess the share price on re-listing - much less than the 13c last close because of the large amount of "Rescue Capital"/Equity IMC have put in will dilute my value.
Might be that MCR tries to take over VRE before or on relisting - this would be a good scenario also.
VRE Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held