CCU 0.00% 5.8¢ cobar consolidated resources limited

Thanks for the outline of the first creditors meeting gelxi, and...

  1. 1,049 Posts.
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    Thanks for the outline of the first creditors meeting gelxi, and for representing the views of minority shareholders.

    The more detailed feedback on the campaign forum certainly shows that the action taken already on behalf of s/h's has been noticed by the Administrator. The number already signed up to the campaign and the effort put in by Nigel has made a real difference.

    A trade sale is still a possibility of course, - if a good offer came in that met all the bank and other debts then the creditors would likely see that as the quick and easy way.

    But if that doesn't happen before the second meeting then a re-list seems a good possibility.

    The fact that Sprotts are such a strong supporter of the asset is very interesting. What if they had been approached earlier - would we be in this hole now. Maybe the fact they seem to have reservations on the "business" means we had to get here first, so some significant changes can be made.

    Well worth joining up if you haven't yet - there's more information on that site that really can't be publicly discussed yet,(it was only from a one-to-one discussion between Nigel and the Administrator) and if we get to the stage of a re-list, the more who are on board, the better it will be for all shareholders.

    Thanks again to all supporters and for gelxi's great effort.

    Alpaka



 
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