There doesn't seem to be any publicly available news. I'd be very interested to know how the investigation reported in the AFR into insolvent trading and breach of disclosure rules is going.
On the distantly related Kallium front, the deal with Reward seems to have either fallen through or will only proceed at a greatly reduced price because Reward hasn't been able to raise the funds to complete the purchase. Even at the original $20 million price tag there would have been nothing left for KLL holders. Benelong Capital Partners (BCP) has offered to take over the shell of the holding company with a consolidation of 40:1 and issue of new shares to BCP. leaving existing KLL holders with a 5% stake in the shell. That means their capital losses will be frozen indefinitely unless the shell is refloated.
If the same or similar happens here, we could be stuck with our unrealised SO4 losses (and shares) for a very, very, very long time...
SO4 Price at posting:
31.0¢ Sentiment: None Disclosure: Held
