Yes - they have some explaining to do at the AGM! The report is...

Yes - they have some explaining to do at the AGM! The report is not a great read.

If they can't do a deal, they need to step aside and get someone who can. Looks like Charles has been blinded by the "certainty" of doing a deal with the Chinese and now that hasn't come to fruition, he is scrambling for alternatives.

The report mentions work done in broadening the scope of the project (ferrovanadium, titanium, etc) which at this stage hints at desperation to market the company to a different group of buyers.

Hope I am wrong, but that's the impression I get.