MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Change in substantial holding-MNS.AX, page-49

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  1. 227 Posts.
    Prime,
    I wish my clients are a forgiving as you!!! While SYR ability to raise capital is nothing short of amazing are you seriously happy with that announcement? To put it in to perspective that is a serious overspend. Initial feed cost was 144.4m inclusive of a 10% contingency
    So over spend was 14.44m (contingency) + 5m due to variations+ 4.7 million additional overhead cost due to project delay+ 3.6m for environmental enhancement which turns out to be an upgraded liner (umm what happended to their civil design??)+ 6.2 million for process plant equipment (why do they need more bagging equipment have they increased their output or something?) which brings the grand to total overspend of 33.94 million on a 144.4 million dollar project. Which I could blow my budgets by 23%
    Last edited by Utrade1234: 16/06/16
 
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