Or will the whole project be sold off to satisfy the lenders?Can...

Or will the whole project be sold off to satisfy the lenders?
Can not see any way there will be any return for shareholders.
Anyone taking the project on , would want the equity wiped and for the creditors to take a haircut as well.
The last cap raise was their last chance.
Not sure there is anything evil involved in this, especially if you remember this is the wild west , just blind optimism.
May well be viewed differently in civilised areas east of the Nullabor.
Cheers