"How many bought based on production early 2024 news ?
How many have lost capital based on this news ?
How does asx allow this ?"
First of all, we are all intelligent enough to know that projects get delayed and many can have big cost blowouts. We know the risks without you having to post the same thing 20 times a day.
There are many projects that get delayed and many that have cost blowouts. How can the ASX stop that?
Have a look at Snowy 2 Hydro.
Originally meant to cost $2 billion and the latest estimate is currently $13bill and could rise further. You want the ASX to do something about a small phosphate fertiliser project being delayed by a year?
"Snowy Hydro’s two main energy projects have had their completion costs double to almost $13bn as delays and rising costs for equipment and staff take their toll.The giant Snowy 2.0 pumped hydro project in the Kosciuszko national park, first touted by the Turnbull government in 2017 as costing $2bn, was later revised to a cost of $5.9bn. That tally, though, has escalated to $12bn, with that estimate contingent on completion by the end of 2028."
https://www.theguardian.com/australia-news/2023/aug/31/snowy-hydro-2-project-scheme-billion-cost-blowout-kosciuszko-national-park
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