Looks like the new mining proposal plan (ie changes) that was submitted last week, automatically triggered the notice with the lenders.
I suspect management already knew this was going to happen due to the longer TH period they requested beforehand (Sep 3) and that they had already engaged with lenders about refinancing options.
Not much to say or do any more until they update the market next with new refinancing outcomes and new offtake arrangements are finalised. Worst case I envisage is that a CR is down at these levels but I suspect they can still sell down the stockpile first at discount prices before looking at that option.
Haplo
A40 Price at posting:
8.2¢ Sentiment: Hold Disclosure: Held