Pillio whatever,,, You stated that if teh vote fails the Village takes over....
What DA Pheuk Do you think we just fell off the cabbage truck?
Timelines Buddy.................................
Deal fails..............................Here's what may happen
1) in July either the note holders agree to delay the maturity date or they become share holders liek the rest... Village OWN NOTHING ! ! ! They are in group 2..
2) Secured bond holders if I'm not mistaken.... They are due in late Spring 2013.
Both mines will be liquidated by then more than likely but if not,.....
Do you for a second think that AGA is going to allow the 1st group of note holders to take their 20% of the company and turn it into 5%? not on your life PAL ..... The note holders will be pushed back or paid off somehow but I believe they will be pushed back to 2015 or 2016...
Now MWs goes on it's merry way making what? 60-80 million per year.... We get a loan ( Sprott.. or maybe some Russian money) pay off the bond holders that are SECURED in 2013 tell them to hit the road... And then we allign ourselves with a BEE group that has integrity...
There has to be someone like that in South Africa doesn't there.?