A showdown with angry and unpaid Eastern Goldfields creditors was speedily averted at last week’s Diggers & Dealers conference, but not all creditors were headed off.
A number of suppliers had threatened to protest their lack of payment at the mining conference after hearing that executive chairman Michael Fotios planned to make a presentation. They were paid off, and the protest didn’t eventuate. Fotios told journalists outside the presentation that the company had “communicated very effectively with all of our suppliers in the last few days, since the news came out that people are planning [to protest] … We’ve got a very good commercial and supply team working on this for the past few days as far as I know, its been t…
Read the full article at: http://www.afr.com/brand/rear-window/eastern-goldfields-angry-creditors-push-company-into-liquidation-20170816-gxxn7u