I'm no expert so I'll leave you to do some research.
I'd like to know whether the previous tolling deal has fallen through or whether voluntary administration was sort because funding for working capital and the bond interest payments are not currently available.
Hopefully, Voluntary Administration will lead to a DOCA rather than liquidation. If liquidation, I doubt we would get anything given the current market for assets. If a DOCA was struck, I hope the bond holders aren't greedy.
BGC Price at posting:
3.9¢ Sentiment: None Disclosure: Held