I listened to SST (why do I bother?) or at least the bit about the nix, after all the moaning about getting rid of us (with one of them actually trying to defend us surprisingly) it came to the bid. Apparently they were offered $7.5 million Australian and turned it down outright.
That's a really good sign if true IMO because if I was worried about a contract extension I'd be tempted to cut my losses and take the cash, or at least see if I could negotiate the price up. Instead it shows commitment and intent.
If it's not true it doesn't matter anyway.
So either a good thing or an ambiguous thing.
Sometimes a good quality lie is better for the morale than an ugly demoralsing truth.