In short they are trying to retain their control of PRW board and possibly wrest it from the current board.
In lieu, they are lodging claims on unpaid wages and entitlement owing to them (which will be paid ahead of all creditors - as part of Australian law).
These people knows no shame! its not enough that they drove this company to a ground. Now they are trying to prolong this side show.
As nickel prices improves and moves upwards, with a new reinvigorated board, we could finally get Barnes HIll off the ground. At least we get something out of this as oppose to under AM's care.
PRW Price at posting:
0.1¢ Sentiment: None Disclosure: Held
