I hope I am wrong and that the enthusiasm is justified, however, there is no denying it, if there is no power, then there is no project, the project doesn't even get off the starting blocks without power as they cant get a feasibility study signed off.
If you google earth the project you will see it is in the middle of absolutely nowhere, transporting gas and diesel involves massive distances across countries at a massive costs.
Test my theory, ask Forester, my suspicion is that if asked in person, he will not make eye contact with you when answering and if in writing, the answer will be structured in such a way that he doesn't give a commitment.
No power, there is no project.
Over and above this, my list of concerns include
- no power
- age and energy levels of existing management
- low resource levels
- reputation damage
- Forums
- ASX - By Stock
- Positive news and share price.
I hope I am wrong and that the enthusiasm is justified, however,...
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