Tobe quite fair, since the days of TAW, it appears to me that...

Tobe quite fair, since the days of TAW, it appears to me that everything was always rushed, to build the plant, to merge, to Destroy the SP literally.... List goes on and on. I m not big fan of speculations or conspiracies, but something clearly stinks.

Regarding the possibility of going into administration, everyone can kiss Good Bye to their $ ! Seen it over and over.
The Admin will milk it to the last drop of milk, till dry like desert.
Creditors will recoup whats left and so on. Share Holders are the last one to be asked a question about proceeds..
For the love of Good, i hope they come up with lifeline. But either way, may still be ugly.

My assumptions were that A40 was the weakest of Oz Li miners due to high cost of production and LOM...
Lets see how this unfold. But frankly, Don't expect a Nice TO even if it occur, Very small chance in my opinion or for Peanuts.