Well they need to avoid a repeat of something like this:
https://www.lexology.com/library/detail.aspx?g=6e8d85af-06b0-43c4-b301-a316a38cc190
We know of 3 parties interested in the project. AMN, RWD and the Chinese mob. Obviously no others or liquidation wouldn’t be the next step.
Receivers are now legally responsible for the environmental aspects of the project.
Creditors could end up with nothing and WA state could end up paying for the rehabilitation. Not only is this outcome a disaster for the sector, it potentially could cost the WA government more than the cost of the RWD deal.
Ann: KLL: Stratgic process update, page-25
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| Last trade - 12.17pm 17/06/2024 (20 minute delay) ? |
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