RE:Investor relations seems to be gone
Murtz, I am sure you already know this but what the "receivership" means to shareholders is that the shareholders in all probability are out their entire investment. Seafield Resources defaulted on their loan payments to RMB Holdings Australia and were not able to restructure the loan. There are $15 million dollars that Seafield Resources owes RMB and so RMB got a court order to assign KPMG as the receiver in all of Seafield's assets. KPMG will be liquidating ( Selling ) all of Seafield Resources assets and using the money to pay back the monies owed to RMB. Naturally all money from the sale of assets goes to RMB first. The shareholders will ONLY get money back if there are more than 15 million dollars recovered from the sale of assets. Highly unlikely, and if there is more than $15 million recovered the shareholders will be lucky to see a dollar each. Think about it, if there is $1 million dollars left over after RMB is paid back in full then that $1 million dollars is distributed to the shareholders. You and I will be lucky to get a 1 cent return on our thousands of dollars investment. If you are waiting for a response from Seafield Resources you will never get one. They have no reason to write you back and are basically no longer a company because they have been dissolved. KPMG is currently in the process of securing the land properties in Columbia in order to be able to sell them.