I sent a email regarding the process with the BBI project, reply as below:
Dear Alan,
Thanks for your interest in our company and for taking the time to ask questions.
The project is anticipated to continue until about the middle of next year. Initially, two projects were envisaged but BBI felt the importance of this project was so great that they decided against proceeding with the second project. They wanted absolute focus on meeting the objectives of this project. It was initially expected that the project would take about 14 months. As a result of increased focus, and increased resources being deployed, we expect to complete the project in 8 months.
Through this time we would expect the commercial agreement to be developed for execution at the appropriate time. The second project remains on the cards once the first project is complete.
I hope this adequately answers your question.
Best regards,
Geoff
ADO Price at posting:
9.7¢ Sentiment: Buy Disclosure: Held
