Ann: $150M Debt Funding Approvals Secured, page-14

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ellimb

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07/09/23

16:20

Post #: 69773267
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Originally posted by fitnfam ↑

Nothing here is looking good until they start pumping salt water.
Every month they don't involves interest cost accruing for shareholders.
Either my economic understanding of money is crap,or I am right.
I am seeing weeds growing in the trial pond,from the last picture.
They will need to be removed going forward.
That upsets me.
Surely someone needs to get environmental approval for intake testing sorted,so we can start pumping promised years ago.
Are we dealing with incompetence???????
Unless of course the reality is there is plenty of salt about and we have to wait for someone who wants to buy our product from other than a Chinese company or majorly Chinese owned company such as RIO.
Until a contact expires somewhere else and we sign the deal.

The hold up is waiting for what????????????????
Is someone not getting their cut that should be?
Heaven forbid anyone thinks that.
Pension fund and Naif money involved.
So what's the problem I say,either RIO or US a MAJORITY AUSSIE owned company supplies salt?
I am a frustrated holder seeing lots of building but no productive economic action as a shareholder other than construction.
Don't try and give me excuses, its a construction project.
What comes first permission to build it or get approval to start producing product from a site you intend to build.
Basic approvals granted.Intake testing would be one of those surely?

I feel as if economic forces are against this project attacking the status quo. and are out to delay it interfering with existing business norms.
The only beneficiary is one country not Australian and it has been sticking it to Australia for years.
One environmental consent due years ago and we could be pumping?
That's down to the state govt and the company.
Someone should be asking how long it takes to sort out intake testing and install the appropriate monitoring devices in an environmentally safe manner????
So I need a canoe and to go out and place a stake in the mangroves and install some fancy monitoring equipment or WHAT?
Are the wires going to provide electric interferance with a potential Dudong and does that require another environmental report?
WHO IS REMISS HERE I WONDER?

DYOR +DYODD My investment is chicken feed ,but for others it is far more and deep draw for their Grand kids..
Note my change of sentiment to NONE.Someone needs to be embarrassed to get action here.

Expand

Perhaps sea weeds are more valuable now. Can we vary the epa submission ?
I share your frustration, the EPA is working at a snail’s pace. Just prioritise this, EPA !

BCI Price at posting: 28.0¢ Sentiment: None Disclosure: Held
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