Those that know? is it an option to just mothball until they get a JV or demand makes it viable.
In the interim I'm guessing 2 years? they work through their issues (yes numerous inc landholder agreements Take or Pay commitments, FUNDING etc) and survive on the 50 mil they conservatively have left? Im sure it would have been a consideration before VA? maybe they just don't have any balls left.
They seem to have thrown in the towel somewhat early.
Could be me as a holder trying to kid myself into finding a way to keep the biggest investment I have in my portfolio afloat though!
BND Price at posting:
8.4¢ Sentiment: None Disclosure: Held