Latest info from KPMG, page-13

It might be worth a call to the large SHs Ellerston Capital and Lombard Odia Asset Management to see whether they will support a class action. Based on what is known Sev.en is likely to have covered the loans to CBA, CEFC and Taurus in the KordaMentha sale price negotiations. According to the AFR this was estimated at $160m. At the time of the KPMG VA appointment the market cap was $250m. The final price Sev.en paid has never been disclosed under the negotiated deal with KordaMentha. If there is going to be a class action the ASIC findings will be important. Having said this the latest reports on ASIC would suggest SO4 is way down the list of priorities. Perhaps this is what will prevent SHs from ever seeing anything from their "SO4 investment?" A valuable lesson for anyone investing in early stage mining companies listed on the ASX even when there are government and major banks funding the business. Who knows SO4 may become a landmark case in years to come for university courses in terms of business risks associated with investing in green mining projects based in WA?