OGX 0.00% 0.3¢ orinoco gold limited

I am sorry but the administrators can sell the plant, equipment...

  1. 591 Posts.
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    I am sorry but the administrators can sell the plant, equipment and tenements as prior to anyone getting paid the administrators are to be paid first and in some countries any government debt becomes payable prior to secured creditors and if I remember rightly there is a Brazilian taxation debt that has been on the books for some time which they are contesting in court.
    Also if the administrators believe there is more value than the debt owed they can then sell the assets pays the secured debt then put any extra money back to other creditors.
 
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