Buying critical equipment cheap is always just plain stupid. Reflects very poorly on management and the SP will be hammered as a result. Traders love this sort of thing!
Good luck getting any money out of the Chinese. We can only hope they kept back a substantial retention (although given nothing in the announcement, they probably stuffed that up as well). Hopefully they just bight the bullet and start again in Australia, where "fit for purpose" actually means something and and courts that will enforce contracts.
Next time, listen to that annoying engineer who told you "you get what you pay for".
Only silver lining will be the top up opportunity - cos in the long term, once the technology is proven, there will be a massive re-rate.
Ann: Delay to reactor fabrication, page-35
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