Ann: Appointment of Voluntary Administrators and Receivers, page-21

Lesson learnt here - the stock market runs on fear and greed - when the chart is painting a different picture to company spin its time to bail - the writing was on the wall for this one after the unnamed Jap company bailed after the Irvine PFS blowout - Cockatoo was an iltimed afterthought primarily aimed at keeping the gravy train stoked full of fuel - the fallout for former directors with ASIC from the prospectus with financial black hole will be interesting if it ever gets to court.

Cliffs were happy to bail out getting the enviro bond covered - if it walks like a duck its a duck - commiserations to long term holders. you cant even right it off on tax return yet FFS