It may well be now in production and in ramp up stage, but you have to transport it to the port, ship, deliver etc etc. and knowing the Chinese I bet they do not pay COD. They play pretty hard and not adverse to playing games, especially if they know what is going on.
Kiernan has timed this perfectly (no surprises at why or how) and if he had left it for a bit longer they might have been able to put up a bit of a fight.
Got them absolutely by the technicals and the loan was the flypaper that has got them.
I hope someone does come in and give the shareholders what they deserve, but I will not hold my breath with this mob.
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