ATN ashburton minerals limited

Not for some time IMHO.There are 7.6mil ORD shares still held by...

  1. 2,568 Posts.
    Not for some time IMHO.

    There are 7.6mil ORD shares still held by Red Peaks (in Liquidation). There is no doubt, in my opinion, that the liquidator will continue to dispose of these shares over the coming days, and maybe weeks depending on the available buyers. It is there responsibility to liquidate all assets for the benefit of its creditors not maintain a holding in a highly speculative play. BTW in most cases the liquidator works in consultation with the director when liquidating all assets so it will be interesting to monitor how quickly the sell down is managed. This could indicate the potential of the upcoming results. I would say they would be writing the options off at this stage. IMHO

 
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