You missed the point, without disclosure around what the true extent of SOA expenses equates too, nobody can say with certainty. I was hoping Khop, who knows everything, might have been able to help. Silly me. Maybe I should I ask Googs, he is usually at the cutting edge of this sort of stuff.
It appears approx. $1M was incurred by TPD on the SOA in the September quarter, so the starting point would have been $5M, revenue arriving in November, could well have been OK.
Ofcourse, the heart of the matter is the incompetance of STX in being 9 months late on production and 150% over budget on the "fast to market, low cost" Walyering Gas Plant. If ever something was neither quick nor cheap, Walyering is it.
Ann: 1Q FY24 Quarterly Report & Appendix 5B, page-113
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