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Padbury is aiming to build a deepwater port north of Geraldton, at the same location favoured by Oakajee Port & Rail. (Picture courtesy of OPR)

Fresh doubts on Padbury funding claim

Padbury Mining has sought another extension to its suspension from trading, saying it needs more information from its mystery backer to determine whether they have the capacity to provide a massive $US6.47 billion ($6.89 billion) funding deal to construct a port and rail network at Oakajee.

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Comments

Is it not strange that the revenue associated with Padbury almost equals the Remuneration paid to senior people, with perhaps a little left over for utilities and rent? Hmmm

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