administrators appointed, page-18

what i don't get is why it has taken so long for these guys to realise things weren't profitable. i mean it's not like the zinc price dropped overnight like it did in the GFC. In the GFC case mgmt can be excused, but why spend when clearly the cash flow is not there. Unbelievable. I think like me, many are in absolute shock. until the last couple of months things seemed to be ok even if a bit of a struggle.

Personally i think we'll get some money back as the assets are substantial.