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 Question lithium markets are on this super-cycle, and a40 shareholders and creditors ... do they need to be skinned?