BIG burrendong minerals limited - 09 april 2025 11:00 am aest ##

Question- Wouldn’t it be considered a breach of its lending...

Currently unlisted. Proposed listing date: 09 APRIL 2025 11:00 AM AEST ##
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    Question- Wouldn’t it be considered a breach of its lending agreement with fcc which has full
    Security over absolutley everything including any current new assets being developed if the company had to restate their financial accounts- ( assuming their accounts are restated with lower profits/ balance sheet)?

    What’s to stop the lender of just placing it into administration shortly after new ( assuming lower) finically accounts are released to protect thier interest?

    Isn’t this a big risk?
 
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Currently unlisted public company.

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