The Company got a rush job for IP?
Independent Party (
IP) did not pursue for offers?
(offers discouraged as would be subject to allow time for due diligence?)
IP determined the mine
shutdown,
IP deposed key officers - no chance for resuscitating Life into A40;
and
with "shutdown" provided the basis for rock bottom valuations by "
independent" valuers.
was there a lack of care for shareholders interest(?)
as for the creditors - evident that they were offered a deeeep haircut.
aggrieved shareholders enquired at a web meeting in sgp -
- in the interest of Shareholders?
- why not pursue for offers for the mine?
- why not wait for lithium markets to turn/improve?
(as indeed the lithium market did improve fairly quickly after the DOA) (
meanwhile DOA - pursuing approvals
got the due run-around (ASIC and FIRB; and SGX and SEC)
persons in authority ... on soft ground...
The Questionlithium markets are on this super-cycle,
and a40 shareholders and creditors ... do they need to be skinned?
The AnswerINDEPENDENT?.