To be fair to the CEO, blue skies were predicted for tomorrow, not an increase in the SP.
A reasonable request was made at the last AGM (CEO's response "we will look into it") for the publication of a spreadsheet detailing all of the steps necessary prior to starting up production at Sengkang.
There is a lot of misinformation, misunderstandings, confusion, etc. about this project - a lot of talk about HOA, POD, etc. and I am sure most interested shareholders are not properly informed or fully understand all of the issues.
Could the company (fat chance) or a well connected/informed individual comply a spreadsheet detailing all the necessary stages and their current status - ie. required, planned, submitted, pending, approved, commenced, completed, etc.
In order to be meaningful, the list must be comprehensive and include all issues on the supply side, agreements, permits, consents, land aquisition, construction, plant and equipment purchase and delivery, output agreements and contracts and all other matters.
This will provide a clear picture and a good basis for investment decision making.
Wishful thinking - I know...but maybe someone will put their hand up.
Zepa
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