Hi Rickaroonie, I'm hearing you. This is a specie stock, no question. If anyone wants an investment grade stock they should go look at a stock with BHP as the ticker.
My point was that this plant - A PLANT - should have been designed, scaled, budgeted, built, completed, commissioned and working within the money that Kronos put in.
How many more big dollops of money does anyone think are lurking around out there? I mean big dollops, not the usual dribbles to SI's to be churned back to retail investors over time that are used to fund 'ongoing expenses'.
Don't forget also that this plant can no longer be termed a 'virgin development'. It stands on the shoulders of well over a decade of development.
Now there may well be more to the story that we're not privy to. But my point was simply that if our plant is now sitting once again waiting till we find another BIG DOLLOP of money simply because Kronos wanted to do a mid-build redesign then I'll need some serious convincing as to the commercial wisdom of allowing that to happen.
This company needs DESPERATELY to become a DOER rather than a GONNA-DOER. It doesn't really matter how much it produces at this stage, it just needs to produce SOMETHING that it can raise an invoice for.
Cheers, I'm off to enjoy this beautiful Sydney day.
APG Price at posting:
3.6¢ Sentiment: None Disclosure: Held
