These cost blow outs across the board are just disgraceful !
- $14.5m on Gingin that was meant to be $9.5m and it's not even done yet.
- $9m on working capital against budget of $2.5m (you'd think there may have been some restructuring onlong the journey???)
To me it looks like a lot of money that should have been spent on running the business and getting it to a state that does more than $156k per month in revenue would have been the priority. But it looks like they are all just happy to have a job and continually make losses. Tom is the only winner in this situation. Looking at the past 4 Q updates, they have only managed to average $228k per month in revenue, i mean, how do they think this is a sustainable business they are running...
TIME TO CLEAR THEM OUT
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- Ann: Quarterly Activities Report & Appendix 4C - 31.12.2022
Ann: Quarterly Activities Report & Appendix 4C - 31.12.2022, page-8
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