Good day Cellofrog, very little left in the kitty now, it’s inconsequential for me. I don’t profess to know. I thought administration was imminent but then full year audited were released and cash at bank was around $8M although that was at June 30. Conversion of short term to long term borrowings is positive. One of the things I cannot reconcile is the cost of Albany. I thought cost was $30M, whilst the ABC is suggesting $50M. Where is the gap going to come from? More capital raises? Given everything that has happened I can’t imagine people will be racing out to hand over more hard earn cash. If the WA government pull funding, it’s obviously all over. Also what are the impacts of the R&D tax breaks?I would not be surprised if the Ministers Office can the project. I believe CCE is now a real risk and there is a chance it could get underway and then become a stranded asset.In short, I don’t know but it is interesting to watch.
CCE Price at posting:
1.0¢ Sentiment: Sell Disclosure: Held
