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EWO, I am not selling any SDL shares at this point - I am comfortable with their current position and consider a favourable outcome to be likely. If they dip below 9c on the absence of news, I may add to my holdings.

With the benefit of hindsight however, this transport issue should have been addressed upfront and all parties would have benefited. I don't buy the competitive tension line as a commercial benefit to SDL. IO price is what it is. Construction cost estimates appear similar in both tenders. Everyone wants the work. States are pressurising SDL to cr*p or get off the pot. SDL need to raise financing or they will loose their convention or not get the second convention required. This is high stakes poker!