With all respect, that response is absolutely ridiculous. If...

With all respect, that response is absolutely ridiculous. If Data centers are "always over capex, alway suffer lower margins and always pay higher rent" compared to the budget, it would be very easy for DXN to make a budget based on the conditions that you just mentioned. Just take their original budget and add more rent, higher power costs and more capex. You may try to defend them as much as you like but the facts stand that what was communicated to the shareholders has failed on almost all fronts. Not one of management's promises has come to fruition. Except the Tier 4 and 5 certification.

I really hope that I'm wrong but I did remember reading in an announcement that Sydney approval would be completed by end of Feb 19. We are now March 13. Have not seen any announcement stating that approval had been provided. Also have not seen any type of media or announcement stating that tours have commenced for prospective clients.

Have we missed another milestone? Does this missed milestone (if in fact they have missed it) mean that the opening is also delayed by another 2 weeks up to today? How much does 2 weeks cost in annual revenue terms? Lets see if this blows out to 4 weeks.

As I said I really hope that I am wrong. I want to buy more at this price but have absolutely nothing concrete to grasp at the moment that gives confidence that this price is the bottom and good news is next in line. My concern is that the next announcements in this order are 1. Project delayed 2. Project costs blown out 3. Overheads higher than planned because of big sales team with nothing to sell 4. contingency used up. 5. need more money.

I hope that we get 1. Approval received 2. Tours commenced 3. MOU signed with prospective clients 4. Sales of containers underway and doing ok 5. Budget and schedule on track.