KBL 0.00% 0.1¢ kbl mining limited

Depends. The administrators are either way depending who brought...

  1. 1,641 Posts.
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    Depends. The administrators are either way depending who brought them in. They try to keep things going where possible. A line is drawn in the sand. payment of accounts are locked.
    Fact is that money is owed to the creditors. Payment of that is now frozen. The creditors - the service contractors have been playing hardball hence one or more withdrawing their services as leverage. The administrators will keep the mine operating at all costs. Any expenses incurred are now guaranteed and paid first. Any service contractor that does not play, will be replaced. They will not see their money owed until the arrangement adopted are executed. That may be the creditor only gets so much in a dollar, or after the company has gotten back on its feet. Cost cutting (plus the admins fees) will be the order of the day. Any excess will be scrapped.
    I just hope that it is quick. I have a load of oppies.
 
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