Thanks to Tomboy and those that attended the meeting for their information.
Trying to get my head around what is occurring but to me as long as the 115m notes haven't been triggered by some event (VA etc, I will have to do some research) then there really is no showdown with creditors for at least a month or two. There is also a good chance if the nickel price behaves and they get a bit of luck that MBN can trade their way out of this mess. Obviously a refinancing at some stage is preferred with Wellington most probably playing a key role. Under these assumptions I see no reason for the VA to liquidate the company.
If the notes have for some reason fallen due then I guess we are all in big trouble and I don't like our chances of getting anything out of this. Clearly the note holders are keen to take this private and are holding the company to ransom which is ruthless but legal.
This will be very interesting to watch our it plays out.
