IFL.L Share Price (IFL)

When Is Chris starting with Samancor. Had faith with this guy. But as most CEO'S in AIM prove they look after themselves. Chris informed me he was also a shareholder. Very funny, & What was your salary no reply.

Further to the announcement released by the Company on 18 March 2016, IFL announces that the Amended Business Rescue Plan ("Plan") in respect of its South African subsidiary, International Ferro Metals (SA) (Pty) Limited ("IFMSA") proposed by the Business Rescue Practitioner ("BRP") and available on the Company's website, has been unanimously approved by creditors. The BRP will now seek to execute the relevant sale agreements with Samancor Chrome Limited ("Samancor") as quickly as possible. The amended Plan provides an illustration and estimate of the potential distribution to creditors of IFMSA, and based on the Plan's distribution schedule, " it is not likely that IFL shareholders would receive any distribution from the conclusion of the business rescue process".

It would seem it was declined in favour of samancor. I suspect that it will be another six months before we have a final resolution. We will be left with a shell company as all of the assets will have been sold off. There is then of course potential to do something else with this shell, similar to FTE.

Mohi, I can't see any detail either and fully agree that the creditors win either way. My main point is that, it isn't a done deal yet, the company has not yet been sold.ever the optimist, you never know shareholders might even get a little bit, albeit nothing like what many have invested.

I Can not find the detail of Kermas international limited offer but it seems the creditors do not care about any new offer . ( anyway they get paid 100% based on samancor offer)