I've had a chance to look at the first announcement about Northam on 20 March 2017 (I was not a holder at the time). You seem to be complaining about no mention about finance, is that right?
I found this in the March 2017 announcement regarding funding for Northam:
"The project is expected to cost between $15 and $20 million. Carnegie is currently in discussion with third party providers of both equity and debt and has a range of funding options to take the project through to completion, including shared ownership models"
Does this not at least partially assuage your concerns that they are incompetent because they never mentioned debt funding?
You also seem to be complaining that they never mentioned that the ability to actually start building the project was subject to a DA and/or similar approvals, yes?
I found this, also in the March 2017 announcement.
"The project is well advanced with design, costings, land surveys, solar radiation studies and power output analysis already conducted. Carnegie is also engaged in consultation with key stakeholders, including Shire of Northam, adjacent landowners, and the community. The Project is subject to council planning approval and network connection approval from Western Power. "
Could you please re-read the pertinent announcements (particularly the one above where you seem to have missed several key paragraphs) and get back to me on what you're complaining about?
CCE Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
