FR – Former mining billionaire Nathan Tinkler appears to have sunk deeper into financial strife, suffering a falling-out with a key Asian hedge fund backer, which has resulted in his Aston Metals company being placed in receivership.
Tinkler Group blamed the “unexpected” decision to call in the receivers for the Queensland explorer on Hong Kong-based hedge fund Orchard Capital Partners, which it said is “experiencing financial difficulties in one of its funds”.
