cs energy make $2.5 mill and get the hell out of t This values Berwyndale at a meagre $14 million and effectively gets CS Energy out for free. I would suggest that more than $14 million has been spent on it so it's being sold at cost. They have no skin in the game now and signals they have little faith in the project.
QGC have also to spent all their money on it so will be in exactly the same position as before the raising.
No cash flow, no cash, share price retreating rapidly.
QGC
queensland gas company limited
