Ann: Shareholder Share Purchase Plan, page-10

Good post Cozzie.

There has not been any leadership for a long time. That is the sad reality. 
Promises and promises that there is enough money to finish the plant time and time again have not resulted in completion. From BHP to Kronos to Bergen to...
A propensity to blame everyone else doesn't work anymore. You either produce tangible contracts, not MOUs, or just be man enough to leave. The shareholders have not constantly supported the company for it to be sponged off. Talk to the Chinese, sign with SA/Bluescope/Tata/Isco Otherwise there will not be support for the share purchase plan. Simple as that. Think about those that 1 week ago took part in a placement and now 1 week later there is another placement at half that price.
The only way to make absolutely everyone in Pitt St. accountable and managed is for new blood to be introduced to the Board. The current Board has itself been part of the boys club.
Either those in Pitt St. don't recognise the seriousness of the situation or they are ambivalent. Either way, this will get sorted.