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Gladstone qld . 3.2 billion project

Discussion in 'General Property Chat' started by the world is your oyster, 6th Oct, 2016.

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  1. the world is your oyster

    the world is your oyster Well-Known Member

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    Scott No Mates and Gingin like this.
  2. Indifference

    Indifference Well-Known Member

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    Hmmm, have they raised the capital funding yet?
     
  3. bob shovel

    bob shovel Well-Known Member

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    Article also posted in another Gladstone thread.

    Interesting they've gone from $700m to $3.2b, I'm no mathematicer but that's a huge leap.

    I think it's planned to be built in the same area that was originally planned as an area for shale oil to be produced. The gov bought up large areas of land around there for the project then it never went ahead.

    Also boulder steel was planned to be built in the same area, also "$x billion and anti fifo"..... since changed names and still hasn't started
     
    Phase2 likes this.
  4. Phase2

    Phase2 Well-Known Member

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    CEO full of optimism, no experience in a game this big. Like @bob shovel said, $700m to $3.2b in less than a year? They still aren't sure what to do... Feasibility is anything but complete.

    Good on him for having a go, but I seriously doubt it will go ahead.

    Oh and the JV company in the states has a market cap of less than $4m, so I have no idea who is funding these studies???
     
  5. the world is your oyster

    the world is your oyster Well-Known Member

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    Cheers guys
    I hope it does go ahead I have a lemon there might help with exit strategy if so
     
  6. Pipeclay

    Pipeclay Active Member

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    I'm hoping too. However I never hold my breath for these projects. A share investing mentor of mine (also one of the wealthiest people I know) stated that never buy a company without a product being sold. Yet to see the product but hope to see it too. I wonder how many will offload as soon (if) prices rebound??
     
  7. the world is your oyster

    the world is your oyster Well-Known Member

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    I think a lot of people will that will affect the prices rising proberly