Ann: 2019 Half Year Results Presentation, page-62

"...that their (A40) management had been absorbed with, while Rome burned down around them. It says that they had lost touch with mining operational details or were just not very aware how badly they needed to squeeze every penny. You can see the same thing happen all the time to companies on the ASX."

Those who are 'the more generous souls' among us, may simply attribute the collapse of the A40 operation to the, 'sheer incompetence' of their company's management.

On the other hand, those of us who are perhaps just a little more cynical and hardened, about just, how, such corporate 'mis-fortunes' come about, on the ASX, could even be persuaded without too much effort, to believe that A40's management may have actually been working (behind the scenes) all along, for the benefit, of a very carefully orchestrated, China Inc. agenda.

It would IMHO, be a very interesting exercise indeed, to be able to now perform a forensic analysis upon 'the money trails' associated with all, of the now defunct, A40's BOD members..!