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Ann: Appointment of Administrators, page-171

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Nightmarez3k

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02/12/18

19:46

Post #: 36722295
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Originally posted by sabine ↑

Hi Nightmarez
Are you saying you think accounting was as dodgy across all divisions as it was on solar?
RCR was awarded the NZ City Rail contract on October 11
https://www.rcrtom.com.au/media/2558/111018-rcr-awarded-city-rail.pdf
“RCR’s Interim CEO and Executive Director Mr Bruce James said: “RCR is very pleased to be recognised for our exceptional rail systems capability and to be selected for this portion of such a landmark project for Auckland. RCR has a long history in the rail sector and this project is strategically significant in extending our capabilities in New Zealand. We look forward to continuing our collaboration with City Rail Link, Auckland Transport and Kiwi Rail to provide a compelling alliance proposal and then to successfully deliver this project safely and efficiently.”
City Rail Link’s CEO Dr Sean Sweeney noted the joint venture provided a wealth of domestic and international experience, saying: “it shows the calibre of talent wanting to be part of delivering this important project that will transform the way people move and live in Auckland.”

This is reinforced by the story above that says rail is doing fine :
“Mr Sweeney said it was indicated that the rail business had been identified as one of the profitable parts of the business and there were people looking at a possible purchase.
“So they were very keen to take that forward, and to that end they were looking at getting further support from the banks so that the businesses would continue trading comfortably whilst all this was going on.”

It’s a huge shame that ‘calibre of talent ‘ (profitable talent!) is heading into someone else’s hands at rock bottom prices.

Expand

City Rail Link’s CEO Dr Sean Sweeney noted the joint venture provided a wealth of domestic and international experience, saying: “it shows the how calibre of talent wanting to be part of delivering this important project that will transform the way people move and live in Auckland.”

it shows the how low you can go to win the job.....

RCR Price at posting: 87.0¢ Sentiment: None Disclosure: Not Held
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Ann: Appointment of Administrators, page-171

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Ann: Appointment of Administrators, page-171

Top Stories

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Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

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Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

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HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

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Buyers (Bids)

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