Ann: Farm-In Agreement signed with Iluka for Phar Lap Project, page-2

It's hard to make head or tail out of this mob. They seem to gain tenements then immediately farm them out. It's like the company has no focus on anything.
Then when they need some money, something they own 100% of suddenly shows promise despite them holding it for years, like the Parndarna tenement. Whatever happened to that, they were getting better targetting and were so confident about it, now nothing, not even bothering to test it properly? Or will it suddenly become important again just before the next cap raise?