Macquarie may have taken that position to more or less on sell to clients and instos? Which they did I think.
I agree with comments earlier, whilst some assets here are of value it may be too late and the company can't just sell bits and pieces and bankrupt the poor performing areas.
Lets not forget 3-4 sub contractors were reported to be 'bleeding' as FGE had not paid them for work on the WAPS.
The point has come where immediate administration needs to be declared save for a 11th hour bid at a ridiculously reduced price, but not sure any contractor wants to get involved with this!!
FGE Price at posting:
91.5¢ Sentiment: None Disclosure: Not Held
