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Ann: Chemlabs Project - Development Approval-DGX.AX, page-3

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  1. kit_walker
    44 Posts.
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    10/09/16
    23:51
    Post #: 19074615
    Just confirmation that development has been approved based on the announcement last year:
    http://hotcopper.com.au/threads/ann...labs-site-in-east-perth.2467040/#.V9QLvnPmjqA

    But surely the MRA (a government department spending our tax money) will have to reassess this decision.

    The builder selection process must have a commercial risk assessment component. It would take a brave person in the MRA to award a significant contract to a builder who:
    - is in a trading halt because of accounting difficulties with their FY16 statements
    - is currently in litigation with their last client
    - is currently in litigation with numerous subcontractors.

    Not sure how a company with a market cap <$3mil can get finance for a $180mill project!

    https://au.news.yahoo.com/thewest/wa/a/32582689/subbies-caught-in-diploma-group-chaos/
    DGX Price at posting: 0.6¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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Currently unlisted public company.

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