Hence the urgency of the Springtree deal - IMO they knew ages ago about the further delays and that they would be running out of working capital before Brazil came online.
The question should be asked why did they not buy a separation plant from Brazil, would have been installed months ago, its not like they don't have the technical ability to make one. Hopefully not just to push work to their mates in Australia, but you have to wonder.
Is Springtree cash enough to run with or will even more dilution to the existing shareholders will necessary? Increasingly likely on past management performance as the consultants they have engaged to cut through the red tape to production in Brazil are obviously failing to perform.
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