new forecast, page-10

Yes, Citi predicting $58p/t in 2015 and $62p/t in 2016. Tough going for IO hopefuls looking for finance.

While the IO price obviously does not affect SDL as it is not a producer, it does certainly affect overall sector sentiment and the willingness of third parties to commit billions of dollars to a new greenfield African project when the over supply is so great and the future is uncertain.

SDL's quarterly cash flow will make for interesting reading. I'm guessing that they will have spent less than what was budgeted for in December 2014 due to cost cutting measures, but the amount of savings will be what I'm looking to see.

On top of that, the budgeted cashflow for the March 2015 quarter will also be of note. It should give some indication as to how long SDL might be able to hold off before another CR of some sort is needed.

Good luck!