CDU 0.00% 23.5¢ cudeco limited

Ann: March Quarterly Report, page-23

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    But the only schedule we've seen for commissioning states that the process will take 8 months. They will need a chunk of working capital to carry them through that time, $50m to $75m is my estimate assuming everything goes well. Which is a big assumption. No doubt the company anticipates everything will go well. Always a first time, I suppose ......

    The cabling hasn't started yet. The quarterly states that. There is 450km of cables to be run, connected and tested. This, apparently, was going to take five months, which puts completion somewhere in October. But commissioning is supposed to start late June - dry commissioning, obviously. But having the plant up and running, producing at capacity in January? Another missed deadline looming IMO. Perhaps we should have a countdown.
 
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