It's NOT deplorable behavior at all. Businesses go bankrupt ALL...

  1. 10,213 Posts.
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    It's NOT deplorable behavior at all.

    Businesses go bankrupt ALL THE TIME. This one did too. The limited liability company is literally the bedrock of capitalism, that you try to invest money to make money, but if it doesn't work, you don't lose everything you own.

    Contractors know that, they account for that. They price it in (or should do) to all their contracts. This is NOT like Aus building companies that repeatedly and deliberately run up debts, siphoning off profits and then doing it again. WE DID OUR ARSE on the project. Lost everything we invested in it.

    That we put $200 million into a largely shuttered mine and lost the lot - while providing work for hundreds as well as numerous social programs seems to have escaped the Junta, and some posters here.

    LOL at all the investors that seem to have converted to communism over the last year just to virtue signal their supposed moral superiority.
    Last edited by WoodySpoon: 15/05/24
 
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