Ann: Update on Deed of Company Arrangement-MIZ.AX, page-3

The full paragraph reads a little differently:

'As noted in previous reports and correspondence to creditors, without any improved certainty regarding the ability to implement the DOCA proposed by Andina, the Deed Administrator is not in a position to consider recommending this proposal to creditors. Accordingly, at this time the Deed Administrator’s recommendation to creditors that the Company be liquidated remains unchanged.'

Which I reckon means... We won't back the DOCA in case it doesn't work out and we really don't have an opinion so that you can't blame us if Adina takes on the assets/liabilities and it subsequently goes pear shaped. With POG moving in the right direction, you would think this is ripe for the picking.

I also wonder if past management want this liquidated so that they can later buy the assets, own it privately, free from their past errors and profit significantly. It is a dirt cheap mine with a JORC and hugely prospective ground.