Ann: Hong Kong Dual Listing, page-273

Shadow,

If the person making the investment decision want it to happen and has sufficient power in the company, the due diligence numbers will somehow stack up to justify the investment.

The corporate world is littered with investment and acuisitions failures due to the buyer believing what the vendor tells them.

And then someone else in the company gets the job of cleaning up the mess.

BTW, you some detail on costs but you are missing the bigger picture. CDU,s business case is built on Cu Cobalt Gold and magnetite. The plant is designed to extract cobalt. As I have stated before, since CDU last published an ROI and DCF, cobalt and magnetite prices have halved in A$. There is $125 mill per annum less revenue than in the business model. And the plant cost has gone up another $50 mill and the timeline has moved out another 18 months.