"The Company has spent considerable time developing potential ways to finance this increased capitalrequirement using a mix of funding solutions which do not require the raising of further funds through theissuance of shares"
Oh really!! But only for the very moment given the current rate of splashing costs here and there.
Because after decade and counting of inguneerin this and inguneerin that then bildun this and bildun that they still cannot remotely get any construction within the original budget/time-frame and not one of these this's and that's have returned anything barely above a 0% ROI. So where did they pull the initial figures from, with perishing the thought of the various possible places?? Or is the modern "academic" way to build things nowadays done by adding on this and adding on that as each fancy idea hits the dreamcatchers afterwards to be covered by running a series HC Rep faceless interviews to suck in (aka bleed) more shareholder $'s??
Get to something to market that earn sales and distribution revenues and give at least some megre return for shareholders, so with proven returns (precise context, not from the back of fag packet) from the market sales then add on the extras with more realistic knowledge of the sales revenues any expansion may pay for itself. Spelt out clearly this means, using existing resources, budgets and timeframes to get just one thing to market and earning returns that at least cover the costs of running this bleeding (literally or figuratively) company. And "timeframes" for this upcoming construction - oh! but they don't seem to remotely know that either - it was by the end of 2020 but this is now unlikely even by end of 2021.
And the flash new WTE plant - what's happened to that after one year or is that still dangling in the dreamcatcher gathering dust?? Oh here it is: "CDP-WTE can be deployed as a standalone solution or integrated with the Coldry process to deliver higher value, lower-emission energy solutions to lignite resource owners." After one year - WOW is that all - just write up a bit of fluff??
Today's announcement => contains nothing to even throw a spark to light fire, long before any sizzle let alone before the steak gets on the plate so the ripening black angus will sleep very soundly after daily munching in his grassy paddock for a very long time yet.
It is no wonder the selling at $0.001 to offset other profits continues as the end of June 2020 and tax year draws near.
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