Administrators reports have been posted leading up to Creditors Meetings 12/1/10
AARII do not want to re-list but Administrators propose DOCA for View Resourses and View Nickel be varied and continued to ensure maximum return for sale of 30% share in Carnilya Hill. AARII will have a right to bid for this Nickel asset.
Looking at all the figures it does not look to promising for shareholders to get much of a return after all the assets are realised under the DOCA and debts are paid. View Resources will be an empty shell in the wash-up.
Intersting to note while in administration View Nickel has received about $6m in payments from Mincor for nickel sales.
