I am not that interested in your credentials, we all have them...

I am not that interested in your credentials, we all have them and they are all many and varied. I have one or two years in industry myself by the way, Asia-pacific corporate recovery type work when I am working (albeit not in the mining space), but I am semi-retired at the moment for family reasons, but like your credentials mine also are not important here...

My suggestion was on the back of the napkin and IMHO said offer some alternatives...I did, half in jest however I have watched ELD go through what LYC is about to go through....and look at Elders now, it is on its merry way, again. It went from $24 to 10 cents and was laden with debt, the corporate finance and insolvency boys closed the books on them ages ago...never ever give up.

I wouldn't invest or even trade them but as an Australian company I would offer to help if I thought there was a better than 50% chance of pulling them out of the mire but they are not nor never have been a client of mine. If they were I certainly wouldn't be posting in here.

There is a slim chance of survival and it should be the Boards responsibility to pursue all and every avenue to do so and I suspect you know that well with your background. They would be remiss of their Director responsibilities otherwise.

Cheers.