Ann: PLS: Conditional Agreement to Acq. Altura Lithium Operations, page-82

just a question, maybe Im missing smething

25th AUGUST Announcement

The loan note holders have agreed to defer all payments and waive key covenants under the facility until 31 October 2020 (“Waiver”. This Waiver once again shows strong support from the lending group and will allow Altura to continue evaluating proposals with a primary focus on reducing financing costs.


Now assuming that the waiver is still in place to the 31st there is no breach  of the loan until 31st October ,

Seems very odd , pretty harsh conduct to be appointing a receiver when the company has a waiver in place and is in the process of raising capital to pay you back.

Something must have happened because Its odd someone isn't down at the courts challenging the validity of the appointment  with a waiver in hand and a capital raising being prepared.

Even a40 wasnt put into  receivership until the standstill agreement (waiver) expired.

something odd -hope something goes in your favor given the waiver  and PLS like Galaxy on a40 get their ass handed to them.