If NY is up and running before 2020, I will be very surprised. The timelines the company has given are just so short, it's amazing a reasonable person would believe them. Only now has the company fessed up and said the environmental approvals aren't in and are expected in q2 2019. Without govt approvals you can't start building the factory. You would need to tear it down if the govt makes changes or god forbid doesn't approve a battery factory. It's pretty clear to me that this is a company more focused on the share price and making announcements for that, then actually being upfront and giving investors realist timelines and progress reports. No one knows even if the batteries are profitable. It's a trust us mentality.
When is the fast tracked feasibility study for townsville going to start and finish. As yet only govt money and nothing from mns and partners. Not good enough, 11m was raised, start doing something with the money and raise again and progress further. Running on an oily tag isn't needed, the board is too big for that now, monies raised will be welted away in management expenses.
I recon management are trying to chew off more than the company can handle. Nuchu, NY and townsville, that's too much. Capital required is just too much
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If NY is up and running before 2020, I will be very surprised....
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