Good post.. and many valid points.
However.. the salient point is that PJ -did- have financing organised over 12 months ago... when u suggest that no-one would touch coal. So how good was that.?
In the meantime.. coal prices have risen substantially.. doubled?
This finance sidelined Noble..
Noble and cohorts colluded to oust PJ based on their claim to be able to do the job (financing and project construction ) better and quicker..
To date.. more BS..
Result.. SP falling some 60% from highs.. and getting smashed again since they latest delay and list of excuses.
If THEY weren't controlling shareholders.. they'd b out of a job as quickly as i could say... I've got a better financing option..!!
Can't sell now.. there's no market and no support..
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