Another project funded

  1. 709 Posts.
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    Another coal project worth 1.76bn gets the green light.... Fully funded...

    come on Gill, you must realise you don't have the skill or capability to secure financing. You spend debt before equity, a very risky strategy which now looks like putting the asset in the hands of eig very cheaply!!!

    You should have raised 100m when the sp was 1.70$ or eve 1.50$ +... Kept eig in the background once you were fully funded then spend the debt. You have ruined our company!!!!

    Don't blame the coal price, we are now a company in debt to EIG and HP and no income producing asset that can service the debt... We are stuffed!!!!

    Answer the critics either back the company and buy up $500k in stock or LEAVE!!!

    I still think we have grounds for a claim on the asx for misleading announcements... The d&o policy should be substantial enough given our market cap was once 1.0bn +

    leave gill leave!!!!
 
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