RE:RE:RE:VOYA Financingshneps wrote: I can tell you that millions of dollars spent on engineering is part of the construction budget.
As you say, unless VOYA has approved them to do this but again why wouldn't the most up to date information be provided instead of negative speculation around every corner.
The engineering/architectual upfront costs are certainly part of the capital costs of the project.
But I doubt VOYA would have had any part in financing those costs due to the uncertainty that the project would ever get off the ground, at least in its present form. The risk to their capital would be simply too high.
But you are 100% correct, that the lack of any updates from the company leaves a vacuum that investors are trying to fill by searching for any public information available, and drawing conclusions from that. Whether or not those conclussions prove accurate will only be clarified when the company provides the long overdue details.