Any GXY followers see the developments over at A40?
Looks like we might be back in the running for Bald Hill.
Following the Supreme Court of Western Australia Orders varying the terms of the DoCA, no transfer of Shares is required in connection to conclude the DoCA meaning no FIRB or ASX approvals are required. Importantly, that means that Alita "continues to hold the Bald Hill Mine, and its associated infrastructure, including the mining licenses".
I reckon the two new Directors appointed (effective today) will start looking at the sale process as Alita still owes $47m to their financier CHEL.
This is far from over!!!
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