OGX 0.00% 0.3¢ orinoco gold limited

Ann: Update on the status of the Administration, page-125

  1. 9,303 Posts.
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    Batboy

    Do you mean negotiate with the ASX under rule 12.2 ???

    IMO

    How can one negotiate when there is no cashflows coming in to pay off huge debts ? going concern principle etc... $21m impairment etc


    How can one negotiate when the the main source of inflows to pay off debts has been CR's ?

    How can one negotiate when only $100k from proposed $5.4m failed CR was for machinery at Cascavel ??? Mostly fees and paying off some debts etc..

    Imagine one entering a financial institution or even cash convertors etc.. with the same balance sheet and mortgages in place - what negotiations could take place in reality

    Last edited by qqqqqqqqq: 08/05/19
 
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