Have not posted for a while but still a sizeable SWE holder...

Have not posted for a while but still a sizeable SWE holder (unfortunately). The concrete bit seems implausible given SWE is in the hands of auditors. Have a sizeable portfolio & now SWE & VXL in auditors. Sold out day before AZZ went to auditors in Sept 2015 & even though they owned acreage in Permian Basin worth ??? well quiet a bit in todays terms they are still in auditors hands today.
Bottom line is auditing is a long winded process (years possibly).
As shareholders we seem to be at the bottom of the barrel (even though Kito may still come up trumps & SWE holds many Swala Tanzania shares).
Basically we are in the hands of the auditors..........best of luck to all SWE holders, hopefully we receive something oneday.
All posted is naturally my opinion only.
I believe where we stand is in the script below from ASIC website:
Shareholders and voluntary administration
A voluntary administrator isn’t required to report to shareholders on the progress or outcome of the voluntary administration. Shareholders don’t get to vote on the future of the company.
A transfer of shares in a company or alteration of status of shareholders during a voluntary administration will not be effective unless the voluntary administrator gives their written consent or the court permits. The voluntary administrator or the court will need to be satisfied that the transfer of shares, or the alteration in the status of shareholders, is in the best interest of the company as a whole and does not breach other sections of the Corporations Act that deal with the rights of shareholders.
When giving written consent to a transfer of shares in a company or alteration of status of shareholders, the voluntary administrator can impose conditions which must be satisfied before the transfer or alteration is effective. In the case of a transfer of shares, the current shareholder, the prospective shareholder, or a creditor, may apply to the court to set aside any or all of these conditions. Similarly, a shareholder or a creditor may apply to the court to set aside any or all conditions that must be satisfied for an alteration in the status to have effect. A shareholder or a creditor may also apply to the court to authorise an alteration in the status of shareholders if the voluntary administrator refuses the alteration.
Shareholders are bound by a deed of company arrangement approved by creditors. Also, the deed administrator may transfer shares in the company with the written consent of the shareholder or with the court’s permission. A shareholder, a creditor, ASIC or any other interested person can oppose an application to the court by the deed administrator to approve a share transfer.
If a deed administrator makes a written declaration that they have reasonable grounds to believe there is no likelihood that shareholders will receive any further distribution at any time in the future, shareholders can realise a capital loss. To realise a loss, the shares in the company must have been purchased on or after 20 September 1985.