Huh? APAC have already stepped in, served their notice then subsequently pulled it July 10th as key directors stood down and Brett Smith effectively took over. No chance they will pursue anything other than a sale - they have made this much loud and clear.
As to the likelihood of a sale, some seem to have expectations that selling a mine like this is like selling a second hand car and should be done in a couple of weeks.. The due diligence process is typically no less than 8 weeks and whilst the data rooms etc have been open for much longer the time it all takes for site visits, checking the plant, drill core etc etc then doing all the legal work to make it all binding, this is no simple feat. It might not be a tier 1 asset but with over $200m of infrastructure and over 1mt of Cu across Nifty and Maroochydore i think there’ll be some interested buyers and their last announcement made it fairly clear there are offers out there.
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