Secured creditors get 50c, non-secured 2.5c in the dollar. Bad luck PB. Kagara will retain AB and Mungana and be refloated.
Most important - The company has access to the same technical team that took Kagara from a market capitalisation on listing of $5 million to $1.4 billion before the GFC. Joe Treacy
See: Kagara rescue hits headwinds