ASM 0.83% 60.5¢ australian strategic materials limited

Ann: Dubbo Project gets $10 million funding boost from NSW, page-17

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  1. 8,483 Posts.
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    ”The total cost of the road and bridge upgrades is estimated to be $20.4 million. ASM will co- contribute $10.4 million to the cost of the works.ASM plans to commence the upgrade activities in calendar year 2023.

    I might be drawing the wrong conclusion but the grant of $10m pays for our contribution towards the road improvement.

    By giving us a grant and then making us contribute to the cost of the road upgrade, the government cannot be accused of totally paying for the road to support a company. In effect the government is paying for it, but they cannot be accused of favouring a public company.
 
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