Chomp, page-16

I think the issue with QBL is that they haven't ever delivered on a single venture they've attempted.

I'm guessing that you all didn't read the bottom of the announcement which states the decision has been with-held...

"UPDATE ON SOUTH JOHNSTONE BAUXITE PROJECT  QBL remains focused on developing its flagship South Johnstone bauxite project, with the Company actively working with the Department of Natural Resources and Mines, and the Department of Environment and Heritage Protection to achieving the grant of the MDL for the project in the near term.

Following review of Northern Resources Consultant’s 177 page submission to vary the conditions of the Environmental Authority held by Queensland Bauxite Limited (QBL) – i.e. those conditions enabling QBL to conduct its South Johnstone bauxite pilot operation at Camp Creek - the Department of Environment and Heritage Protection (DEHP) requested further clarification on a number of matters.

The Department of Natural Resources and Mines (DNRM) have decided to withhold decision on grant of the MDL until the issues raised by EHP have been fully addressed.

QBL’s technical, engineering and environmental consultants Northern Resource Consultants (NRC) and Sea Transport are currently modifying the reports and work program in accordance with the matters raised by EHP and DNRM. It is anticipated that these reports should be resubmitted to the Department in the coming weeks.

The Company is confident that the revised reporting should give the DEHP and the DNRM the confidence to finally grant the MDL. QBL already enjoys significant support for its project from all levels of government, community groups, including traditional owners and freehold landowners, interested in seeing improved employment opportunities created in the region.

QBL will update shareholders further once the revised reports are given to the Departments, and we look forward to finally being able to progress this project to the next level for the benefit of all stakeholders"

This was after this comment on January 20th:

"Further to our recent announcement on the 6th January, where we informed the market that the Company has provided the Department of Natural Resources and Mines all the detailed information requested, and replied to all the Department’s queries relating to the revised work program for the MDL, and we had received official acknowledgement from the Department of the receipt of the information, and the Department had obligated to provide their formal response of the outcome of their review by Thursday 19th January 2017.

The Company is still awaiting the response, and will inform the market as soon as practical after receiving the response from the Department. The Department in a phone call have informed us that they are still finalising the review and it may yet take another couple weeks for the review to be finalised although they will endeavour for it to be sooner."

So when did they get this new information? I'd love to know the timing behind this announcement today (over a month later) and the supposed timing of the government with-holding.