Ann: Appointment of Receivers and Managers-KBL.AX, page-18

thanks, interesting.

I think the receivers have the ball until they have met their clients needs (quintana) as they have been appointed to recover their secured debt.

So it is possible they can run the mine to extract the money. I am not sure if this means the administrator gets a say if the mine is to operate to clear Quintnas debt.
Once the debt is cleared I believe that the receivers then hand back what is left to the administrators to then deal with the remaining creditors.

Sad thing is, you now have receivers and administrators on the gravy train with fees. though the administrators may be on the bench for a while.

good luck to all, the best information will probably come from the creditors committee, but I don't think the receivers are obliged to report to them or the market. So info may be in short supply for a while (unless we have any employee posters)

good luck