I hold both EQR and G6M and have been in and out of KIS a couple of times previously.
I've worked in heavy industry most of my life and have seen over runs of time and money so have a good understanding of how these things eventuate. I really can't understand what circumstances would have obscured managements view of this over run previous to the $23m announcement. The alternative is Gekko have been less than honest in keeping G6M informed of the increase in costs
The failure to either forecast or report, which may have been Gekko, bothers me more than the shortfall of $7.5m
I'll be watching G6M more closely now and may change the balance between my 2 tungsten stocks given the right opportunity.
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