You *completely* missed the point with regard to what I had said...

You *completely* missed the point with regard to what I had said about Petra.

Certainly fees are NOT usually confidential. Au contraire in most parts of the world an analyst would be *required* to disclose what they have received in return for their "service". I'm surprised to see that this seems to be handled differently in Australia. Or has Petra just "forgot" to mention it?

As sharetrade has pointed out, KFW is a serious bank and it is their mandate to support German economic interests by financing projects abroad. Clearly AD would have qualified (secure supply of Ta to a major German off-taker for at least a decade). Yet KFW decided NOT to finance AD and you can bet your sweet bippie that this decision to deny them financing has been made for a reason.