There would have been a strong possibility of going bust when IO were very low couple of years ago though...
Or massive capital raising diluting shareholders to oblivion.
A big part of the problem was the state govt during that time (Colin Barnett) Era and also port allocation.
Having said that... The manganese had a clearer path to production and less dilution.
Ann: Juno Minerals Demerger & IPO Delayed, page-20
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