Clive Palmers Queensland Nickel knew months in advance it would run out of money by early last month, raising the prospect that it may have been trading while insolvent and potentially exposing the federal MP and his nephew director to being pursued over any debts racked up by the refinery in its final days.
Internal forecasts obtained by The Weekend Australian show Queensland Nickel was aware as early as August that it would slide into a prolonged cash deficit by December 7, but it was not until this week that it appointed administrators, with the amount owed by the refinery appearing to have blown out over that period.
Legal actions by Mr Palmers companies Mineralogy and Queensland Nickel against the MPs estranged Chinese business…
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