Construction/Finance project6 Aug 2019 23:09
Some think that this is construction project and it is going very well. Share price is wobbly but as long as digger is digging and there is some cranes lifting stuff they are happy 'investors' who claim that fundamentals are sound. I disagree. Construction is the easy part, hire expert contractors and of you go. This is more like financial engineering project. And it's fundamentals are bad if not fatal. People in charge of it have fck it up big style. Was is by accident or by design, who knows. Equity and bond markets clearly do not believe this is attractive businesses proposition. It is a shame. Blame is 100% on Ceo and board for playing their cards as bad as one could.