LongCleanEnergy is correct. EmptyTrolly has raised the $773k penalty fee issue before. It shows a lack of transparency and reduces my trust in the board. Too many unexpected issues have arisen -- either when the cap raise was announced, or at the results announcement one month ago -- for my liking. Not all is well. Interest rate increases and financing issues are real. So is my perception of sneakiness from the directors in not painting a complete picture of the financial and build-status situation over the past year.
However this announcement is a win. A lot has been learnt in completing this build. That black coloured BLM icon on the map turns to green. Next month, the NZ icon similarly turns green. I imagine DEL gets faster and more streamlined in building these plants. Organizational learning. We've proved to prospective investors and those wanting plants that we can deliver a satisfactory completed project which works as it's supposed to. We're a company others can feel confident dealing with. Financers would be reassured as would Brickworks.
Queensland yesterday announced 62 billion dollars for renewable energy projects. A colossal sum. We could build 62 AFL-ready stadiums in Hobart for that! Only the main headline projects have been announced. Our QU1 project is due for FID in early 2023. I wonder.... 20 or 30 million is just a rounding error on 62 billion. Lots of agricultural waste in Queensland. High energy cane sugar waste would digest nicely.
I didn't expect this announcement today. It's a pleasant and welcome surprise. Evidence of progress. I suspect the annual report is released tomorrow. Good luck to us.
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