The latest word from Sefton Resources (SER) is not good and must give rise to fears that Jimmyliar Ellerton is going to steal its last not totally worthless asset.
Pro tem the board has decided not to put the company into administration as a new offer is on the table from a consortium in which Mr Karl Arleth is intimately involved. Our sources reveal that the offer would see Sefton lose all its Tapia assets in return for the bidder taking on its bank debt.
That would leave Sefton with liabilities