Cardinal sin in investing is throwing good money after bad, regardless of what management say. They have a vested interest in keeping the company running as they are paid to do so and remain gainfully employed.
PFS for Irvine was the turning point, nor did Irvine have any DSO - after that everything changed. Not economic to develop.
Now stuck trying to turn the dregs of Cockatoo into a productive mine with a shambolic register. At some point you have to face facts and throw in the towel.
Even Showman has moved on from Pluton - au.linkedin.com/pub/tony-schoer/6/490/143
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