RE:2 realitiesOK. The PP did NOT go for the surety bond. Please.
However, MS, if it DID, waiting was not an option since the surety bond was a condition of the Florence groundwater permit. No ADEQ permit, not Federal Permit, no JV partner, and Florence put on perpetual wait. Not a good look in the moment. Would have cost investors more than the PP.
But that was not the reason for the PP. The reaons for the PP was exactly as the company stated. I am not defending it as a GOOD reason, it is just the reason.