Article published in the AFR only quotes a Joe Lowry tweet & is very light on actual detail and draws unverified conclusions. I read it and think a fair bit of gossip & rumor with a twist of truth. Is it fair to say no one actually knows what is happening regarding the talks let alone the content of those talks.
"the operator of the Bald Hill mine suspended from trading amid fears it could run out of money within months and is close to breaching debt covenants" - really suspended due to fear!? I didnt read that in the ANN
Article has more to say about the current Li market sentiment and malaise then A40's solvency.
No one is arguing troubling times in Li & at A40. But media outlets like the AFR would be best served refraining from unsubstantiated gossip
A40 Price at posting:
8.2¢ Sentiment: Hold Disclosure: Held