Ann: Redbank commissions SX-EW plant construction, page-10

re: Ann: Redbank commissions SX-EW plant cons... I'm getting more skeptical by the day given the farce of fundraising efforts by both SRE and RCP of late.

Its all well and good to make plans, but they appear to be living on a shoestring from month to month with no clear evidence of investment support (the register is wide open with no substantial shareholders, which shows little real investment interest) and no clear indication of how they are going to fund this project.

There's a limit to how long they can go on living hand to mouth while lurching from one desparate capital raising to another - and if SRE keeps going along the way it is then they won't be able to play white knight anymore either. (and who knows in what directions money will ebb and flow between the companies in the SRE stable anyway given past behaviours).