I can see why prior years misgivings may cause some scepticism of the announcement but given the jobs focus on the economy at the moment it is very much in QLD's best interest for this project to go ahead - hence the substantial government support with the 'significant project' status being awarded.
The concept obviously has had support for many years given the prior efforts to find plant location and the fact the company has survived and once again risen as the prefered candidate of State government support which would indicate they are capable of delivering.
To set the announcement up as a hoax based on loacation movements and something that happend 9 years ago grossly distorts the significance of the announcement.
Thanks for the note of caution but I happy to see they are ready to move forward with State Government support. They must be hungry for some success after 9 years of planning!
Make up your own mind.
BGD Price at posting:
25.0¢ Sentiment: LT Buy Disclosure: Held