from the last rns18 Jan 2015 21:35
can anyone explain in layman's terms what this paragraph says?
Vitol's senior debt facility is secured over the Minas Moatize Mine which is held by the Company's principal wholly owned operating subsidiary in Mozambique, Minas Moatize Limitada ("MML"). At this stage, MML has not been placed into administration as the Board and senior management will now seek to work with the Administrators and Vitol to maintain the Minas Moatize Mine as a going concern and identify potential acquirers. There can be no guarantee that MML and/or the Minas Moatize Mine can be sold as a going concern or at all.