Im calling BS. I don’t believe much effort has gone into this at all from Clough, otherwise TNG could announce the revised estimate in $ terms today and say “this is as we stand today, we expect the number to come back from here as supply chains loosen up and we will also find savings in the value engineering process…”
Figures were meant to be updated in July 22 as per Paul’s announcements, now they say Mid 23, a year late again….
Also note the lie, “ we made a strategic decision to move the plant to Mount Peake” The truth is TNG got booted out of Darwin and needed a Plan B to appease Shareholders while stating at the time they would consider other alternatives as well. It was not strategic, it was reactionary!
TNG Price at posting:
8.9¢ Sentiment: Hold Disclosure: Held
