RE:RE:RE:RE:Critical Skills More needed on Section 8Hi all,
A happy customer makes for a better long-term win but its dissapointing in the short run.
This is always the challenging part of being a small public company. For large public companies and all private companies, this announcement would never make the news until Coastal Gaslink had completed their internal analysis regarding cost and timelines. For a small public company, the disclosure of material events is a requirement for their public listing.
Macro can't provide a proper update on Spread 8 until they get the all-clear from CGL (TC). After they get the all clear Macro will be able to provide guidance on the scoping issue for Spread 8. Spread 8 is by far the most technical section on the route and CGL has to maintain its schedule.
One of the items I would like Management to address when they are able to provide updated guidance on this is the potential changes in working capital for this contract going forward and how this plays into the scope revisions.
Ps: I am not sure if Andy was talking about CGL with his comment on Section 5. Perhaps his crystal ball was more clear than the rest of ours.