Oh macca, you silly little goose. Why would Kiwi be "poor"
It's pretty much playing out to the script.
Expired option on WG.
Asset in a far away country now has no book value.
And can anyone tell me what day it is. Is It Tuesday?? No?
So it's all good according to macca. Applying to be on the list of creditors. Hmmmm.
I feel something is missing from that. What could it be???
Oh yes. Unsecured!
On the list of the Unsecured creditors. Do you think there will be any table scraps left over after the secured creditors are done. Some meat on the bone left to pick at??? No?
So now Santa fe is completely off the table. No book value and no money to go to the latest Okap adventure. TOOT, TOOT, cough cough. That's some good shite man.
Which means to meet the ASX asset test to re list after the consol. Even more money and dilution will need to happen!!
ARK couldn't meet the asset test and now a day or two away from being delisted from the ASX.
Had a quick read of the Santa fe supposed merge.
Small raising before hands to get the "macca's" set.
1,49b shares to make Santa fe a sub of IGS.
And of course. A consolidation.
God. It's like I have heard this somewhere before?????? It will come to me.
