RE:RE:Receivership! What I really liked was the "DESKTOP SCOPING STUDY". Must be another MBA thing. Although that would be a CBA. That's next I guess. What a long drawn out disaster.
I take issue with the reasons for the cost over runs. I am a PM with over 45 years in the construction industry and many projects that I will say very similar to what Trent and his band of fools think they are constructing. Last year we paid $118.50 for a meter of 25mpa concrete. This year it's $135.50. The concrete portion of those buildings might be 14% of the cost of a steel building like ELBM has purchased. The steel, and here is the thing, the steel we are standing up today was ordered two years ago at a cost negotiated two years ago. We knew the cost two years ago. My budget for base building from two years ago has some revisions but annual increase has been 3 to 5 percent. This is typical access the board folks.
A mentor of mine used to say fail to plan, plan to fail. There you have it folks a FAILURE TO DEVLOP AND PROPERLY EXECUTE A PLAN. FAILURE!
There is only one thing to do at this point and that is to FIRE TRENT and at least half of the head office incompetents.
HEADS MUST ROLL!
Share price is at 13.3 cents right now. Is anyone doing a desktop scoping study on that? What a failure. What a joke.