wiggins island coal export terminal, page-9

Imagine doing a 3:1 dilution at half cash backing. Never mind even placing a single dollars value on the projects.

Only a few players can engineer this sort of thing with ASIC's compliance.

Not worth it for investors. IMO, as usual the project should be sold to a foreign entity for a single dollar and BND shareholders will get a 100% return on current funds.

Face it, This project will only see the green light for development if it is foreign owned anyway. Aus governments notorious for stalling locally owned projects and green-lighting foreign owned due trade ties.