RE: Project Funding22 May 2018 14:29
TDT,
The keyboard warrior with the barbs.
'the hard of thinking', 'you�re just one of these feck ers that no matter what Amur and RY does you�ll find fault.'
C'mon Barbie lay off the angst.
FWIW I entirely agree that RY should be talking to anybody and everybody, be they institutions, potential partners, off-takers, bankers, etc. As to EPC contractors and equipment leasing companies? No, we need a plan first and all of that pre-supposes he will be running the show when that level of detailed input is needed.
I have been consistent in my view that RY is not the man to be leading this project now. His course is run, job well done in establishing the extent of the ore body but he needs to pass the baton, in fact, he should have done so 12-18 months ago IMO. The company has been talking about infrastructure designs now for 2-3 years, we've had a so-called cheap line of credit from the authorities for some time, we've been debating smelting operations, matte or not, a cocktail of metals or separation, at source or at the railhead, for what seems like an eternity. Nothing in yesterday's interview actually moved any of these matters forward, at least not convincingly, as all he is still debating is options.
If this project is to be moved forward under its own steam, Amur needs process and logistics engineers at its helm working alongside finance and funding experts.
If, as you say, options are being kept open to keep others guessing, he needs to be far more convincing about his plan. Merely by stating that he's qualified with two engineering degrees and once work for Fleur won't hack it.
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