Thanks GCar, I appreciate the comments and confirm I was merely expressing a view on the recent (3 month) divergence between PLS and GXY.
With respect to the other points raised, there's a clear lack of understanding of what is actually happening with A40. It's a moving feast and not many of us are fully aware of the facts.
My understanding of what is actually happening is at odds with other posters, but I'll stick with my interpretation of the events that continue to unfold. I think
@acwbagnall needs to review the facts before jumping to his conclusions.
In short, Liatam Mining can simply opt out of FIRB/ ASIC approvals process unless they withdrew from the process of acquiring Alita. That has left CHEL holding the debt. They have now overseen the appointment of Korda Mentha as Voluntary Administrators meaning we will no doubt revisit a new DoCA process.
I am convinced that we need to watch this space. There may just be a sales process for Bald Hill so that CHEL can extricate themselves from the process of securing an asset they cannot "own" in this environment. People underestimate the strength of Australian laws in relation to foreign investment/ ownership and are using their own ignorance to fantasize outcomes.
Whether Simon wants to pursue this opportunity again is a question I am sure he is contemplating this weekend. He may let it go through to the keeper, but he may still give it one more try!!
