- Joined
- 10 July 2004
- Posts
- 2,913
- Reactions
- 3
See latest update here:
http://www.ferrierhodgson.com.au/caseprofiles/details.cfm?objectID=55
------------------------------
Summary is as follows:
Current Status of Administrations & actions required by Creditors
The DOCA’s for the View Group were executed on 15 August 2008.
Next milestone and estimated timetable:
(a) Calling for Formal Proof of Debts which are due to be submitted by 10 September 2008 for all companies of the View Group.
(b) Realisation of View Gold Pty Ltd’s assets.
Likely outcome for creditors and timetable:
AARI’s DOCA proposals provide that View Resources Limited’s and View Nickel Pty Ltd’s creditors will receive a dividend of 100 cents in the dollar plus statutory interest within 180 days of execution of the DOCA. The dividend for View Gold Pty Ltd’s creditors is unknown at this stage as it will ultimately depend upon the realisation of View Gold Pty Ltd’s assets. Under AARI’s DOCA proposal the Deed Administrators have 180 days to finalise the sale of View Gold Pty Ltd’s assets and thus any dividend payable to View Gold Pty Ltd’s creditors is anticipated to be paid within 180 days of execution of the DOCA. Please refer to the Administrators’ Second Reports to Creditors dated 16 July 2008 for full details of AARI’s DOCA.
--------------------------------
Cheers,
aj
http://www.ferrierhodgson.com.au/caseprofiles/details.cfm?objectID=55
------------------------------
Summary is as follows:
Current Status of Administrations & actions required by Creditors
The DOCA’s for the View Group were executed on 15 August 2008.
Next milestone and estimated timetable:
(a) Calling for Formal Proof of Debts which are due to be submitted by 10 September 2008 for all companies of the View Group.
(b) Realisation of View Gold Pty Ltd’s assets.
Likely outcome for creditors and timetable:
AARI’s DOCA proposals provide that View Resources Limited’s and View Nickel Pty Ltd’s creditors will receive a dividend of 100 cents in the dollar plus statutory interest within 180 days of execution of the DOCA. The dividend for View Gold Pty Ltd’s creditors is unknown at this stage as it will ultimately depend upon the realisation of View Gold Pty Ltd’s assets. Under AARI’s DOCA proposal the Deed Administrators have 180 days to finalise the sale of View Gold Pty Ltd’s assets and thus any dividend payable to View Gold Pty Ltd’s creditors is anticipated to be paid within 180 days of execution of the DOCA. Please refer to the Administrators’ Second Reports to Creditors dated 16 July 2008 for full details of AARI’s DOCA.
--------------------------------
Cheers,
aj