This is the project that has been dangled like a carrot to shareholders for how long now?
This delay is going to require some sort of asset sale, but given they couldn't find funding / agree on terms for the vanadium recovery project which had large guarantees from the government, I find it highly unlikely they'll be able to find a near term buyer for Barrambie that's anything close to fair value.
Also, what happened to the $15m (or whatever it was) order book that Chris mentioned in a Crux paid advertisement a few months ago?
The company need to shed the excess weight from the board, not pay themselves bonuses and raises.
What an absolute disaster.
Ann: Primobius Commercial Update, page-17
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