Ann: Sale process commencement and resource upgrade, page-59

As per KPMG’s last circular to SO4 creditors 4 months ago (29 March) they (and by extension “we”) should expect to receive an update this week. Between KPMG, Dermott McVeigh and KordaMentha, they sure are dragging this out in terms of information flows. You’d expect by now they’d have a complete handle on production issues, remediation, financials and Macquarie’s prospective buyer(s).



ASIC will no doubt be awaiting McVeigh’s report too as it deals with the question of director conduct and potential for prosecution.

Interestingly, as flagged by a couple of other posters above, RWD is in a halt until Thursday for an announcement about a material acquisition. Given their current microcap, I too would think they’d need a big Daddy Warbucks in the wings to fund an SO4 buy even at bargain basement prices.

Notable that we’ve had no-one from onsite talking or posting here on what’s been happening at the plant and in the trenches for many months now.