I have been "up in't mountains" for a week without any of 'tintetnet and I come back to find that I am a bit skinter than last week. Having digested as much as I can from the RNS and a thousand posts it appears that we are subject to the normal above budget situation that most huge projects suffer from. I have never believed the job would come in on budget. It rarely does. I would bet on it not coming in on time either but it will get finished and that is the game. It's just one on them things, as my Gran used to say along with "no one has died!" apart from Burt Reynolds and good old Aretha. I am still 100% invested and enjoying the ride.
Some of the interactions on here are painful to read, please email eachother so the rest of us do not require a sieve to get through to the decent posts, please.
I would have thought the Maquarie boys would have been sounding out additional partners over the last three months and have a damned good idea on the best deal parameters,,
Thank you BHarris, I was of the understanding that SXX had a granulating process that enabled the product to be mined, processed and ready for use. This binding agent has thrown me a little.
Does this increase the bottom line or is it a condition of ADM? Construction won't be cheap, who pays? Quite a big point to brush over, no doubt we will hear more in time but it does leave a lot of unknowns,,
With 1.5 billion shares swilling about? Wait until potter et al get their shares in lieu of salary and successful farm in...that coud be massive dilution!