Ann: Sale of Kagara Group Assets - North Qld Cent, page-4

re: Ann: Sale of Kagara Group Assets - North ... 40 mill plus 10 mill for bonds for central is pretty good given its the least valued asset group due to short mine life, plant to mine distance and aged equipment. This means that half the debt is now gone and that all secured creditors have been cleared.

The real value is in the north.

The step towards DOCA is positive too, which could see creditors accept something less than 100 cents in the dollar on their debts.