It Was On The Great Ship Venus

Now that title adds new significance to the photos of the crews dining area. so we have a ASX presentation of a private company's ship with pages of pictures of questionable significance. The ship out at sea undocked ,? no tug boats available ? dredging incomplete . Is it full of LNG ready to imminently supply the power station ? Oh yes the connecting pipes . See ASX notices Presentation to Shareholders 0'15 from the 2015 AMG. Page 105 Philippines Installation of Transmission Piping October 2015 ,at the AGM we were told it was nearly completed ,yet to my eyes there the piping lies rusting in the dirt.
So here we have a large impressive ship ,and it is ,owned by EWI, recently refurbished , capacity as large as the on land tank we've been waiting years for completion being shown to EWC shareholders who have been waiting patiently for these projects that are years overdue. No update on finance arrangements that due for finalization last year ,that's after a similar time line given at the 2014 and 2015 AGMs when we were told the refinancing arrangements were only weeks away.
Mont ,in terms of entry costs into this stock at its previous raisings , I have calculated that Chandler Group 23%of stock Capital Group 6% , Bennelong 8% ,and others, all have costs around 65c( I may be wrong) That doesn't including holding costs and FX costs .Substantial pain! Sources that have been kind enough to supply me with updates have inform me they have tried to contact management for a financial update /clarification but they have received no response. Here is hoping for some constructive news soon.
Cheers Doc