I am not so sure it is rudderless actually.
Yes, there is a very long road ahead.
The key, of course, is the funding. They cannot possibly go back to the market. No one would give them a dime....but just speculating here...the new management is essentually Formosa (Aust) Group which I assume is overseen or controlled or something by Formosa Group in Asia. The mothership (Formosa Group) has sales of around $9Billion. . I may be totally incorrect but I believe (hope) that the Formosa Group we are talking about is one of Taiwan's biggest businesses dealing in all sorts of commodities. (Chemicals, plastics, etc etc).
If my speculation is correct it would make perfect sense for Formosa Group, associated with Formosa Australia to supply funds to create a new wing. Would be chicken feed for them.
It just would not make sense for management to sign an offtake agreement with anyone if there was no chance of fullfilment. The offtaker themselves would not sign.
We have 5 years ahead of us I reckon (hope)
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