It was also well advanced on the two matters most often cited as obstacles by potential investors, namely, securing a deferral of WICET obligations and Aurizon take-or-pay obligations and resolving landholder objections and impediments toward the award of the mining lease. Alas, after what it called constructive work with Credit Suisse, Bandanna's board decided it wasn't able to continue as a going concern, "with no direct improvement in Bandanna's financial position and with limited ability to raise additional funds to progress the grant of the mining lease". "Over the past few years, the BND Group has made substantial progress towards the development of the Springsure Creek project including obtaining EIS approval from the Queensland government, environmental approval from the Commonwealth government and broad support from the local community and local government," Bandanna chairman John Pegler said.