I don't have access to the website or time to type the entire article but the thrust of it is this:
Board to meet today to consider "any offers received for the minority stake in its coal business which it is hoping can provide $1.6 billion to $2 billion to reduce debt and fund its growth options." Indicative offers due last Friday, final offers due Jan 19.
Various parties been through data room. AIO advisers want to flog 49% stake in the coal business "though there is plenty of doubt as to whether this structure will work".
Board can also expect an update on Saudi Landbridge development.
AIO Price at posting:
$1.09 Sentiment: None Disclosure: Not Held