Ann: Mining Contractor at Granville Appoints Liquidators, page-313

Perhaps threatening is part of of the high finance business world but it is to be hoped that none of this will be necessary. Jemrok I think was a fairly extreme situation but basically they are gone now and hopefully more reliable parties will be found to fill the gap. If the actual performance by the new miners etc. is of a higher dependable standard then this could also flow through to the performance of the management and directors of ANW with clearer up to date announcements. It was the dragging on of G2 that required the second round of funding from Lind which could have been avoided had things evolved to the expected timelines.
The board of ANW is probably made up of reasonably competent people and with the new look arrangement at Granville and commencement of sales with G2 complete, along with the wake up call with the letter from representative shareholders, they will present a better performance. Hopefully things will fall into place in the next month or two and the company will be on a better footing to take on Taronga, though I think the timelines will be longer than those forecast.