Ann: Voluntary Administration, page-5

Could not agree more with the posts above, very disappointed being a long time holder.

I have a few questions for those more knowledgeable than myself:

1) What would the assets be worth on the open market, I'm sure a few juniors would be happy to pick the ground up cheap but would any of the larger Iron ore players have any interest?

2) Could Ren make an offer directly to the Receivers to buy out the remaining shareholders before the asset fire sale? If so would it be for a nominal amount or have to have some link to a market valuation.

3) What happens if the EIS approval come through in the interim, would the the debt facility still be there to access allowing the company to come out of receivership. Under the terms of receivership would the department of environment inform the receivers given management has been kicked out?