Current Status of Administrations & actions required by Creditors The Administrators are working with the board and management of the companies to look at options for the possible restructure and / or recapitalisation of the companies. On Tuesday, 19 February 2008, the secured creditors of the companies exercised their rights to appoint Receivers and Managers to View Resources Ltd and View Nickel Pty Ltd. The Administrators are currently seeking expressions of interest for View Gold Pty Ltd’s assets, while the Receivers and Managers are seeking expressions of interest for View Nickel Pty Ltd’s assets.
Next milestone and estimated timetable Reconvened second meeting of creditors of the companies to be held on or around Friday, 25 July 2008.
Likely outcome for creditors and timetable Possible Deed of Company Arrangement proposal being put forward to creditors of the companies or the companies proceeding into liquidation.
VRE Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
