Hi Palmtree, I believe this figure arises from the fact that 3 of the production modules have been held back in their fitting out. See the AGM presentation pictures . This is due to the fact Skmigas has only authorised 500k tpa production,so far. The other module that will produce is basically ready to go,that one is obvious in the picture, the others look barren. Just another case of very poor communication.
On a different topic I think the first question at the upcoming presentation should be " you raised hundreds of millions of dollars in 2007 at a 50c placement and again at $1.20 in 2008. What return have you provided to those shareholders over the last 10 years" Comment Mont!! I could say a whole lot more but maybe later Cheers. Ps I'm hoping for a good news bulletin before the road show I find it hard to believe they could present with so many outstanding long term issues.
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