Unlike Speculator I don’t follow Wayne blindly …. I actually compare companies stories from the past to see if they match the present … and here is why it’s hard to any faith in WGX management.
The first graph shows cost breakdown for Great Fingall as released to market 9th August 23. If you look at the growth capital expenditure and measure off the graph it’s $32m for FY25 back then.
As you can see it’s now considerably more at $58m.
Thats $26m increase on the original $32m … approx 80% increase.
Not sure I would be trusting many of the numbers released based on this example.
Pays to have a good memory or be willing to spend the time revisiting companies previous announcements to re-assess what they say and actually do.
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