The problem is the Queensland Government and the bureaucracy that has made the state stagnant. CDU located in QLD has been waiting 5 years and SFR in WA 6 months for ML granting. ==========
This is not correct. The delays have been perpetuated by CDU. You can not have a ML until your EIS is signed off. As CDU did not submit and in fact dragged their feet, then asked for one month, then another month extension, suggests it was a tactical CDU play. It meant they would be an explorer when the financing deal and shares were allocated and no nasty FIRB review as required for a producer.
Can we please put this Qld Nanny foot dragging argument as regard CDU to the sword. It may well be true the Qld is slow, but in CDU's case it was advantageous to CDU NOT to be in a hurry, and the "delay" was self-inflicted for a reason.
Unless someone knows specifically that some flat-footed hairy-backed Quoll was the problem, then I think you have your explanation for the tardiness on the EIS.
CDU Price at posting:
$3.64 Sentiment: Hold Disclosure: Held
