Yes agreed Autosime, I steered clear of STA, but of course part of the risk is unexpected delays and lower output than expected. It is not just a financing question.
The former risks are why investors are cautious about IMA given the uncertain timeline and no certainty on costs until it is operating.
As you say Autosime IMA may be cheap if everything works out, but I steer clear of mines in development. I prefer to be consevative and minimise losses.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-17
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