Not sure how much hope mate. AR1 was attempting a CR for months....

Not sure how much hope mate. AR1 was attempting a CR for months. The potential creditors would have done their DD and clearly none were prepared to stump up the money.

The high cost of business in Australia makes low grade low margin producers impossible to survive. Think of how much energy, wages and interest rates have risen since AR1 floated and compare that to the price of Cu when AR1 floated. Cu would have to rise considerably for todays price for AR1 to make anything of itself.