Is allways on the cards. ANZ would be writting off a huge loss if they did. The hedge book closeout actually gave them an extra $20m interest in the project.
The broader market conditions are playing havoc on anything, would take an aweful long time to sell Cibaliung with DD to be doen all over again etc. If the plant and equipment is abandoned then they may not get it sold for a very long time.
Would like to think ANZ can get ARX out here just for their own interest, but who knows !
ARX Price at posting:
1.3¢ Sentiment: None Disclosure: Held
