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Millennium DOCA offers tiny returns

SHAREHOLDERS in Millennium Minerals stand to get nothing if a deed of company arrangement with backer IMC Resources is accepted, but administrators Deloitte have warned a failure to accept the deal would lead to a liquidation that would destroy even more value for the Nullagine gold project.

Haydn Black
Ore from Millennium's Nullagine project

Ore from Millennium's Nullagine project

The DOCA proposes IMC paying a further A$6.4 million to help creditors that are owned around $32 million, including GBF Underground Mining, Redline Drill and Blast, Pacific Energy and Fortescue Metals...

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