I’ve only just gotten around to reading the Sequoia EII Fund’s report of results to YE 31/03/22 and, although not particularly illuminating or new, the sections relating to their initial writedown of the senior secured loan to SO4 are copied below. Obviously they’re a secured creditor now, unlike equity holders here, but it’s not a totally bleak picture in that viability of the project has remained a key aim.
I’ve also been copied a response from the Administrators confirming that annual listing fees were indeed paid and SO4 remains ASX-listed - if you wish to verify this for yourself please just email the KPMG mob in Perth. Otherwise all IMO DYOR etc etc.
Still waiting waiting waiting now for some sale (or other) progress from KordaMentha/Macquarie and/or KPMG.
SO4 Price at posting:
31.0¢ Sentiment: None Disclosure: Held
