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clock Created with Sketch. 09/06/23
15:08
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Originally posted by Frank64
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And we have the option now to vote yes and condone the behaviour or vote no with the possibility of going into a Deed of Company Arrangement which will create terms through an independent deed administrator that facilitates a plan in servicing the creditors debt. The outcome may not be in offloading Leonora, it could involve another arrangement but at least management and board would not have the final say. It would be overseen.
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The bank debt and looming 30th June deadline is the problem. GMD is the only guaranteed solution.
(20min delay)