I believe they are still working on it, operating off a reliable source who works in the industry. Spent money on blasting the steel relatively recently, they’re not binning it if they spent money on that. It’s also fibreglass, they can easily just get a third party to make new fibreglass parts it’s not that complex, and the restraints are getting changed heavily to bring the ride up to code anyway so this means nothing.
The owner has just spent a bit of money doing up Taipan that’s only just started going around the show circuit so this has sat on the back burner for a while