Shareholders this includes institutions, Australian Shareholders Association etc had a good 4 months to see the clowns for what they are.
ASA didn't even have the courtesy to reply to my 2nd request after the debt issues surfaced and my call them to oust the lot.
I don't know the internal financial position, but Century is already secured to SocGen.
Sepon + Prominent Hill could be used as security over I believe.
Sell Martabe for $300million, sell GG for $100million perhaps.
I think that would leave about $800million in debt and PH+ Sepon should be worth around 1.2-1.5billion.
I'm no corporate finance guy but those values look reasonable even in this climate.
Then there is an equity raising with new board in place.
The current board would be too stupid to think of this IMO
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