Yes, I did see that but wasn't sure exactly what it implied. Previous announcements have stated:
19/02/2019
....... an independent legaldue diligence report; internal financial modeling; and inter-creditor discussions with the senior lender – Germangovernment owned KfW IPEX-Bank. The Company understands that the steps outlined above can be largelyconducted concurrently
30/04/2019 (Previous Quarterly)
........and the bank has initiated a market review having appointed London firm CRU Consulting and is progressing with legal reviews and the appointment of Australian, Malaysian and German legal firms.
and now from this quarterly - the initiation of a detailed legal due diligence
So what has actually been done on the legal front so far?
I/we have been lead to assume the legal work had been progressing along in the background for the past 4 months but now we are told oh yes but now a detailed legal diligence has stated.
Given the 'initiation' statement was linked to the CRU Consulting announcement on 3/7, I hope that at least some of the work required was done prior given the previous statements above.
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