I'll give you the cliff notes: Company was running wild with...

I'll give you the cliff notes:
Company was running wild with wide eyes and a bright horizon.
There was a flood
It washed out an access road - it was a big flood, and a tiny road.
Unable to source feed stock - not even on our own tenements, from artisan miners
But they were able to continue drilling/evaluating existing mines
New management team appointed for local info/hands on rather than Ashley seagul'ing it.
New management team was in for 2 weeks discovers there is no money and we're broke
VA's called in - confirm 'we're broke' - and charge exorbitant fees for the decision
DOCA's presented and rejected for the last 8 months
Finally one is accepted, and now....

... we continue waiting.

I've heard there will be consolidation, reducing your holding to 10% of its scrip value. But its rumour.

You'll have to do some research on the exact details, its just how i remember it.

Almost laughable really.