SBM have withdrawn all permit submissions including tailings so nil revenue at Atlantic for the foreseeable future effective immediately. Looks like the next few years will be cash burn and holders need to hope there are no hiccups at Simberi. Not sure if they will spend the money to move the processing plant before they receive permits but that might be seen as putting the cart before the horse.
For me, I won't even think about buying back into this disaster until I see board changes. They are probably hoping no one has noticed.
SBM have withdrawn all permit submissions including tailings so...
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