M8S 0.00% 0.9¢ m8 sustainable limited

These cost blow outs across the board are just disgraceful !...

  1. 15 Posts.
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    These cost blow outs across the board are just disgraceful !

    • $14.5m on Gingin that was meant to be $9.5m and it's not even done yet.
    • $9m on working capital against budget of $2.5m (you'd think there may have been some restructuring onlong the journey???)

    To me it looks like a lot of money that should have been spent on running the business and getting it to a state that does more than $156k per month in revenue would have been the priority. But it looks like they are all just happy to have a job and continually make losses. Tom is the only winner in this situation. Looking at the past 4 Q updates, they have only managed to average $228k per month in revenue, i mean, how do they think this is a sustainable business they are running...

    TIME TO CLEAR THEM OUT

    https://hotcopper.com.au/data/attachments/5022/5022980-628dd6dbec0754d3c7a04ea1ab4ec38a.jpg
 
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