Loki. What actually happened?

From Cameron Miles
Well, as you may have heard the Rolex Middle Sea Race did not end as we had all expected for LOKI at 5.15pm on Sunday evening our time.
We have lost the boat on the northern shore of the Sicilian coastline, she is lying on a sandy beach with some rocks surrounding her. The keel snapped off about three feet down from the top, no doubt after hitting the beach. When we left her tuesday morning her stern was lying on a large rock chewing a massive hole in the transom.
A true nightmare and a very sad site.
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