Andy,
I'm afraid that is just wishful thinking my friend. That is just not the way the game is played. The shareholders are smashed and the company will be liquidated most likely.
There is a very slight possibility that someone could buy the company as a going concern, but that would still wipe out the shareholders. For a buyer there would be no real incentive (who wants a failed team that has a production cost of 1800 per oz.) to do this, so the most likely scenario would be a liquidation. IMHO
Administrators do not hand companies back to management with "warnings". Just doesn't work that way, sorry. Their job is to get as much for the creditors as possible, very rarely is there anything left for the shareholders, it's almost unheard of.
Best to all!!
L4JG
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