"Rather than trying to buy proven coal based syngas GTL technology Bond decided he wanted to re-invent the wheel"....that may be so, but it has allowed him to have a far more modern ,measurable and controlable system.
"Had he got half a 20kbpd plant up and running by now approximate revenue of $365m per annum at $100/bbl would make this company worth more than a billion dollars."....It is not his fault he was Blythed by bad govt in Qland, which was the original intention. He then had to change focus, which was why the other coal aquisitions, to give him options. The Labour govt then thwarted the Sth Aust plan. Businesses have to adjust plans for economic, political, and weather variables, fact of life.
But anyone who has been in the market for a period of time, would be aware that most projects take much time than first notified, including the bigger end of town.
LNC Price at posting:
61.5¢ Sentiment: Hold Disclosure: Held
