3 Broad outcomes Monday:
(1) Trading halt for a funding announcement
(2) SKI extend and some statement to the effect that funding negotiations are still progressing
(3} No announcent and the share price tanks to say 1.9c/2c?
I anticipate (2) at this stage - I seriously doubt the timing for a funding announcent of this size would go down to a 30 September deadline so either they have not got the funds or there are still negotiations ongoing. SKI have hung around for a long time, they must have had some strong indication of funding or they would not have signed the last agreement in the form they did - presumably if there are ongoing funding negotiations their commitment would be integral to the funding package.
What worries me about (2) is that they likely would have known for a while that 30/9 as a deadline was not happening and if they had managed to get SKI to extend why wait till 30/9 to announce the extension.
There are a myriad of possible "machinations" for Monday as a shareholder my hope is for (1) my expectation is for (2) and my fear is (3)
We do not have long to wait.
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