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5,747 Posts.
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20/10/12
07:58
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As only half the debt claims have been continued with
I am placing total debt including administration and interest
At $90 million
I would think $50 million will be a fair price for mungana
Selling AB and some Qld assets for enough to be debt free
Leaving at least the copper operations continuing
I find it very hard to believe they can sell $90 in assets
And have nothing left
I really believe it is not the end
If copper and zinc prices were at the levels earlier this year
It would be a different story
Others can give up I certainly don't see it as the end
I would doubt we will find out anything on the indicative bids
For quite some time while negotiations continue
I imagine an announcement or press release stating
That the administrators are very happy with the interest received
This would be the announcement true or not
Good luck to all
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