In reference to the Demi Maddison
1. Why would a company buy a boat before you have a mine...and the Govt approvals in place to ship from Lucky bay.
2. Why would you buy a Tuna boat to use as a tug.. and also have to refurbish it.
3. In line with the original plan of contracting everything to keep capital costs down.. why not hire a tug.
4. Who will be the lucky buyer of the refurbished vessel...mates rates
something doesnt add up here either.
D
march 2011 quarterly report, page-6
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