the administrator's running the company, and the receivers looking for a buyer. WVL will not run the plant, make any vanadium, or make any cash flow from this. the receiver will sell off the assets, pay the employees, pay off the creditors (cents in the $), and the shareholder will get nothing.
WVL will become a shelf company with no assets, no tenements, and no cash. the MD and CFO will sit around, paying themselves lots of $$$ for as long as they can. these talentless halfwits sat back and let financial and timing budgets blow-out, raised more cash, and then made out they were in good shape.
poisitive news - maybe third time around someone will realise windimurra is a total dog.
the administrator's running the company, and the receivers...
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