trading halt, page-17

He he Chihawk,talk about being on the same page.
Soon as I caught up with all the negative articles that have suddenly come to light,I headed straight to UGL (up 1.24% at time of writing)..then read your post and had a chuckle.

UGL was awarded the engineering,procurement,and construction management service for the LAMP for $30m.(Feb 2010)

On UGL,s books thats a small contract,but a vital one...they are concentrating on moving into the Asian market into Resources,oil,Gas..opportunities.

If the State Of the Art plant is in fact riddled with problems that will take a year to fix,then UGL,s reputation is shot to bits.

Read the UGL company reports to get a feel whether you believe they are up to shonky business or workmanship.Hardly.

Transparency of delays.
When there was that delay on the floatation tanks LAMP)..the Market was advised.
When the Tailing ponds needed work (CP)..market was told.

IF LYC has encountered more delays and not reported to the ASX...instead misleading the market by continually confirming Sept start then NC,Ziggy,the Board are dead meat.

The AELB/Gov will be dragged into this..it will make their approval for the construction licence a laughing stock of incompetence..ie what on earth did they check and didnt check.

All the Executives at Sojitz might as well get sacked as well..what the hell was their Due dilligence about.

So bottom line.

UGL..shonky.
LYC..liars.
AELB..Incompetent.
M/GOV..Incompetent.
Sojitz..Incompetent.

Journalists.
11 alterations...and they are ?????.
That info could only be leaked from the IAEA,or the GOV.
Must have been a short conversation..if the 11 alterations were mentioned the obvious question would have been..name the 11...sorry..and hung up.!!!!!

I dont get the engineer bit either..the unnamed one...the perfectionist..who has picked up all these faults to which no one at the Plant has listened to..is he still on the payroll..or someone sacked..disgruntled..rings the newspapers.

It certainly has murkied the waters...lets hope that .
UGL has done a first class job,by meeting and exceeding required safety standards.
LYc has been fwd with reports on delays,and anything else the ASX could jump on to misleading shareholders.
That Sojitz was typical Japanese ,thorough with their Due diligence.
The AELB/GOV. really did learn from BUKIT and all the 81 standard requirements were ticked before construction was approved.

If we have been told truths all the way..then we are ok.

Either way..we will be the first to get the news.
Lot at stake universally.