The only ones to walk away from this with anything is the Management team, they will stay on the payroll until all cash reserves ( whatever they are) are depleted and then sell whats left of the company and resources.
This is a limited resource company with very expensive operational overheads, which will not make for a bright future. Best we can hope is that spod price may increase to a profit level of $ 2000 . But with cheaper operational mines comming on line in Chile, Brazil and Argentina i dont see much hope for the Aussie high cost producers in future.
The Chinese will take advatage of this and forget about us. So much for having OTA with them.
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