Pacific Bauxite collapse extends sorry Solomon Islands saga

THE dying days of 2019 saw the collapse of yet another mining sector minnow with Pacific Bauxite admitting it did not have support from its shareholders, despite an eleventh hour switch away from its troubled Solomon Islands projects towards Australian gold.

Pacific Bauxite collapse extends sorry Solomon Islands saga Pacific Bauxite collapse extends sorry Solomon Islands saga Pacific Bauxite collapse extends sorry Solomon Islands saga Pacific Bauxite collapse extends sorry Solomon Islands saga Pacific Bauxite collapse extends sorry Solomon Islands saga

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.