Ann: Quarterly Cashflow Report, page-8

Whatever we're feeling, know the major shareholder Farjoy is eating a giant turd sandwich on its investment in BAT. I really hope at some point those guys feel it's time to drop the hammer on BAT management and spur an appropriate outcome.

In some regards, it should have been like this at the start - slow and steady, boring progress towards project delivery and finance (if indeed that is what is now happening). However, in the interim we've had a disaster roller coaster of spills, ramp-ups, failures, delays, botched financing deals, dilutive capital raises, hopes raised and dashed, huge salaries paid to management, value destruction and spectacular losses for investors.