I recently asked Chris Roberts at NZO what he thought the chances were for ordinary shareholders to get anything back when Pike River is sold.
He suggested that it was very hard to predict but would very much depend on a combination of things.
Essentially the PRC total debt is about NZ$120 million. So if insurance payments plus the price paid by any purchaser exceeded the $120m then shareholders might see some value for their shares.
Probably pretty miniscule in my opinion if at all.
PRC Price at posting:
61.0¢ Sentiment: Hold Disclosure: Held
