Great summary of a dire situation.
My feeling is that it is simply a case of failed business case and subsequent deal, so they are trying to recover finances to survive.
Tony wants 80k per tonne funded, market price is 30k. The gap is simply too wide for prearranged handshake deals to progress.
again... my opinion based on historical announcements, media against current market
Ann: Voluntary Suspension, page-6
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