Thanks Petunia. I'm just saying what the situation actually is at the moment. I just don't like when people pretend everything is great when there's no evidence of it. Not to say that this isn't a possibly turning point.
RiverDry is probably right. They ignored the lucky bay savings of $20-$25 which gave them a bit of a buffer. From that analyst report, costs are probably higher but still likely less than the $85 they're talking at the moment.
The Lucky Bay approvals are obviously close. The bank deal may also be close now also with equity raised. I guess if you think the valuation is low enough, higher project costs don't matter as long as they are funded. Although it would be nice to know what project cost actually are.
Investors also finally have what looks like a realistic timetable (perhaps the first timetable not set by Ian F) and there are a number of fellows who have just jointed after no doubt doing their own diligence.
And finally, the stock is trading strong on what seems like bad news to me.
I can see the argument that its onwards and upwards from here. Although I have too much distrust in them to invest myself.
TYX Price at posting:
84.0¢ Sentiment: None Disclosure: Not Held
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