Did I miss an announcement about no building consent? Care to elaborate?
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HC poster reporting on presentation he attended in Brisbane. Thks Accumul8r.
https://hotcopper.com.au/threads/ann...st_id=36176086
Had a look at the HPA process chart and there are re 33 different process stages!. That looks complicated and like a lot can go wrong.All those operations have to be operating perfectly to reach the right highgrade material. Rebuttal?
Download Document 7.95MB re page 22
https://www.asx.com.au/asxpdf/201810...sdfwdz8n35.pdf
"allowing for the submission of site development order application to local Johor Authorities."
happy to be wrong about this, but to me it reads they have not started building yet. All they have done is basic requirements to get consent.
My point is, timing is everything and i am scared that works have been charged to investors but works are a while from starting and they have no finance except from investors. we have circa 4 month wait till funds are approved. maybe another month till funds are released. i detect a time frame error
LOL. Have another look at this chart and try to understand it. The first 6 steps of this oh-so-complicated chart are to pick up the Alumina in Meckering (which requires a digger, probably a loader, a container and a truck) and to transport the container with said truck over a sealed Australian highway to the port in Perth.
Now comes step 7 - and we are already 20% into the process ... and sure, the loader can break down or the truck can blow a tyre ... but get real - if this is a complicated process for you, than there are not too many companies you should invest into ... :p;
Nobody said that they started to build. They are clearing the site and did some ground tests they need to determine the fundament and to get the building consent.
Not sure I understand your position. If you are so scared I assume you are not holding. But if you are not holding, than why are you scared? Confused.
Looking at the details - they had recently a CR to fund the site clearance and preparation ... and that's what they are currently doing. What other works have they charged to investors?