Ann: Target's Statement, page-23

It seems inconceivable that MCR have ended up in this position. There were indications of high quality solid resources and growing, high nickel price and future demand with EV. Obviously Mgt were not being upfront about the AS issue and its potential ongoing challenge. The severe decline in the share price should have been an alert that someone knew something, maybe Twiggy. Obviously there is value there otherwise he would not be following through with his bid. Interesting that BHP have no interest.