Is this yet another 'lovely looking power point presentation' chock full of timelines that will never be met ??? only time will tell, past history tells us that timelines will not be met. Page 21 shows bar graph with timelines showing FEED commencing mid 2018, even though it wasn't that long before xmas (November) that the announcement was made regarding SMS being awarded the FEED, that 4 months behind before we even start !! For a project of this size i would expect a minimum 12 months of engineering(FEED) would be required. The only construction going on this year may be some land clearing and that is why the construction period extends out to end 2021 !!! lets hope the $$ values of the commodities used to create the 'Financial Metrics" ,page 9, last and also hope that inflation doesn't rise creating a blowout in CAPEX !!!
I may start to get excited when orders for long lead items begin !! maybe i am getting ahead of myself, as the key ingredient, finance, has not been
approved as yet
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- Ann: Managing Director Company Update, 121 Conference Cape Town
Ann: Managing Director Company Update, 121 Conference Cape Town, page-12
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