Contract dispute persists in court.
AJ Lucas released an ASX announcement on Thursday saying its total overdue payments to creditors were $3.895 million. However some subcontractors have privately expressed the view that figure is likely to be larger.(Observer, Gladstone Australia)
The dispute between Lucas and GAWB has left several small subcontractors in turmoil, most of them truck drivers and earthmovers.
One significant Gladstone-based civil works company, which was owed millions of dollars by Lucas, has been forced into liquidation.
READ REPORT HERE