Alita gains stay of execution

ALITA Resources continues in a state of limbo with the company taking another hit, this time in terms of lower than expected prices for its product, but in some potentially positive news its lenders have extended a stay of execution on its claimed A$40 million loan default by another few days.

Alita gains stay of execution Alita gains stay of execution Alita gains stay of execution Alita gains stay of execution Alita gains stay of execution

Alita's production at Bald Hill is not attracting premium pricing.

Earlier this week, the lender consortium led by Tribeca Investment Partners put Alita on edge, and forced the company into suspension, with claims it had issues with Alita's new mine plan.

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