I'm referring the board of ledjaja coal pty Ltd, not RES board.
McGrath Nichol administrators claim they have no say over ledjaja coal pty Ltd being sold despite RES owning 76% of its shares. The only other shareholder is fairy wing trading. Fairy wing trading bought their 24% of ledjaja coal pty Ltd with money loaned By RES that has never been repaid.
so ledjaja coal has been purchased 100% with RES money RES currently owns 76% of it it's being sold without any control by the Australian liquidators.
so who exactly oversees the sale of a asset valued over 200 million if the 76% shareholder has no say?
RES Price at posting:
6.4¢ Sentiment: Hold Disclosure: Held
