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Pacific Bauxite collapse extends sorry Solomon Islands saga

Lack of support for strategy sees minnow appoint administrators

Haydn Black
PBX has fallen into administration.

PBX has fallen into administration.

The company had just A$158,000 cash at the start of the December quarter, just enough to meet staff costs until the end of the year.    Attempts to raise $991,000 at 0.05c dragged on, but three months...

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