administrators appointed, page-35

sorry for holders.

this is a re-run of the big pasminco zinc failure from 2001.

pasminco came back to life as zinifex, so perhaps there is some hope for holders.

http://www.theage.com.au/articles/2004/02/25/1077676832046.html?from=storyrhs

michael ryan from taylor woodings is well connected, especially with macquarie, so a rebadge job may be possible.

shareholders will still get a major haircut even if they do avoid liquidation.