I just think they've lacked experience at management and board level. When they signed offtakes, they should have signed finance deals with it. You want X amount of product - we need X amount in funding.
I just can't see a JV partner particularly a minority one, wanting to come onboard solely for the profitability of Thunderbird and with a company that has not been involved with sand prior.
Hope I'm wrong, WA needs projects.
P
I just think they've lacked experience at management and board...
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