RCR rincon resources limited

Ann: Trading Halt, page-15

  1. 27,171 Posts.
    lightbulb Created with Sketch. 1345
    A 57 m writedown on a $300 mill project, while only a 20% overrun,
    is unacceptable because it wasnt picked up till the end.
    So CFO had to go.

    CFO and site management = no communication. Again, remote site is no excuse. Proper cost/site info transfer not in place.

    Thankfully , 96% of remote solar projects are done.

    Infrastructure boom next decade, thats where the uplift is coming from. imo
 
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