RE: What Cost Overruns?Greenandgold,
I dont know how u can still be that positive with all the setbacks they had in the past + a financing at 0.5-0.6$ area which double the number of shares straight away with between 300 to 400 millions shares fully diluted.
When they stated that the main use of the fundraising is for SJT
When they spend 50$ millions at Orita and just get 12MW
When sped more 120$ million at Geysers for a tiny 26MW and still no injection wells and no Power plant........
Wgen at the last CC when we asked the CFO about financing and try not to answer........
Sometimes it is good to face reality and look at the incompetence of the management so far..... and this massive dilution is another proof. I can bet u what u want we will need another fundraising at Orita (specially that when u see they spend 50$MM for just 12MW). And again another vicious cycle.
Julien