Isnt that why we have consultants like SMS, KPMG, KfW, and others to get over the finance line.
Hasnt the modeling completed by SMS with guidance from KfW altered the whole finance modeling, making it more atractive to lenders.
What has been the findamental obstacle to getting to FID has been EIS approval.
The refinery site offered by NT Govt is no longer suitable.
This is a result of changing legislation and under NTEPA statutory guidlines there has been a shift in assessment focus.. The carot offered by NT Govt to have the refinery kept in NT for employment and other purposes no longer fits environmental guidlines.
This has caused a complete remodeling and delays.
Add to that COVID.
Sure those of us who bought the optimistic timeline have been frustrated and denied, but who is to blame? Not our BoD or any of it members.
Focus on tomorrow, it is finally looking pretty good in my opinion.
10 Years Later..., page-83
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