Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: Clutching at straws?
I am only a novice investor so excuse my ignorance. The main issue at the moment is the lack of cash the company has. God only knows where the 100 million they had less than 3 years ago has gone, but that is a different discussion we can have later. Can they not borrow money to get the project at least off the ground. Surely the in-ground assets are too valuable to just let go. Obviously management are doing a very poor job, even I can see that but are they that bad that this project will go under... Surely not. Clutching at straws? Probably
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