Australia's largest stock trading and investment forum Australia's #1 stock forum

HDY

Click for more information

0.00%

0.4¢ hardey resources limited

Hey mate there will be no issues wrt trading while insolvent....

First 17 Last

Share
Profile

Follow
Maltisani

589 Posts.

66

08/03/19

16:46

Post #: 37702333
Share

Originally posted by BernardF: ↑

Hey2, I did not infer the mess has been unscrambled but as we both agree it is good start The likelihood that the new Board once duly appointed may have to appoint administrators to avoid personal liability under the Corps Act 2001 for insolvent trading is still very high in my opinion and may be all over by say 30 June anyway. As for the consultancy fees it is the hourly rates that gouge cashflow, the directors fees are reasonable. But as you say if they add value then there is no issue. It will be a massive effort to continue trading and actually start some drilling on the quality assets they have or JV and or dispose of some of them. Good luck to all we are going to need it, cheers BernardF

Expand

Hey mate there will be no issues wrt trading while insolvent. Part of the remediation plan is the reversal of the Blumenthal transactions which will put $1M + straight into the bank account.

HDY Price at posting: 0.4¢ Sentiment: None Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

AXP

Tambourah chases gold veins and mineralisation extension with drilling

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

There are more pages in this discussion • 25 more messages in this thread...

First 17 Last

Add HDY (ASX) to my watchlist