20 March 2024

Early intervention: the ostrich alternative 



KordaMentha, an independent firm in Asia-Pacific, specializes in cybersecurity, financial crime, forensic, performance improvement, real estate, and restructuring services. With a diverse team of almost 400 specialists, they provide customised solutions to help clients grow, protect from financial loss, and recover value. Trusted since 2002, they deliver bold, impactful solutions for clients.
Link to article discussing innovative solvent restructure of business that prevented them going insolvent.
Australia Insolvency/Bankruptcy/Re-Structuring
To print this article, all you need is to be registered or login on

No board or management team wants to hear their organisation is at risk of becoming insolvent.

That is why they often adopt the 'ostrich' approach and leave the situation so long that insolvency becomes the only real option. That was the situation with Gascoyne Resources Limited 18 months ago. Even with gold at an all-time high, rising costs and inflation meant they were losing money and raising funds to cover operating losses. To keep following that path meant insolvency and their rich new deposit sold at a fire sale price.

KordaMentha's innovative solvent restructure means Spartan Resources is now operating at five times its previous value and has a strong future of growth.

Read the full article here, as published in Resources Review (see page 18).

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See More Popular Content From

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More