As frustrated as next SH but are we barking up wrong tree here with SMS being the good, PB and BoD including chairman being the bad and us SH the ugly? Humour my ignorant view (nothing else happening here so might as well shake tree with alternative views)
Where has majority of $ raised in CR, Vimson, German investment partners gone to date? SMS and the never-explained-with-detail FEED work perhaps. Does anyone know what exactly are activities, sequence and timing of events for this FEED work? How long has this work being going for? Be good to know how much of quarterly spend goes on this. I know nothing about FEED process. Where is German efficiency to get this done in timely fashion
Also has SMS already recovered its initial investment and more, just through FEED work done so far?
And are PB and BoD in any position of “power” here or at mercy of SMS and KfW, and therefore just a spokesperson to SH and market, with our partners actually calling majority of the shots?
Agree with previous comment that this has KfW paws all over it with boxes being ticked one at a time to reduce risk. TO could be on cards but only after sms give the guarantee from FEED work. Don’t agree with loan extensions at all but few years ago I think someone posted that PB bought shares through his super or was that someone else? Been so long that it’s all fuzzy now
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