Big rise here today then19 Mar 2019 07:09
The board of IOG (the "Board") has been in regular dialogue with the Administrators since LCF went into administration. The Board is aware that the Administrators commissioned a third party evaluation of the Company and its assets. In light of this report, the Administrators have confirmed to IOG that they view the Company as being a key asset for LCF and its underlying bondholders and have concluded that they will achieve the best return for such bondholders by continuing to support the Company and its Board.