who can trust announcements or directors

Looking back over recent ongoing announcements highlights how little information value these announcements hold, what has transpired bears no resemblance to the projected direction and well being of AAE and in particular the Beatrice project.

I find it very hard to believe these directors had no knowledge of the position in which they had put the company.

My understanding was they had covered the forward position of plant feed cost and product off-take revenue agreements.

I also find it hard to believe that any lenders did not require this as a condition precedent.

I hope the ASX has a close look at this episode because it certainly smells bad to me when part of the consortium consists in part of USCB management (makes you wonder if they were concentrating on commissioning the Beatrice plant at all.) Oil recently went over $100 pb and in all probability will continue to rise over the coming years.

I will be having a very close look at who has interests in this arrangement.