dye pull the plug on springtree , page-33

Hi Joe,

My interpretation's a little different. The Annual Report - released at the end of September - made it pretty clear they'd already moved the goal posts.

"the team at Shotton has been ramping up the rate of technology development to be able to achieve lower LCOE much earlier than originally planned in the business case."

After this - at the Retail Investor Conference in October - Sylvia said commercialisation was scheduled for end-2013.

An announcement from Tata should clear things up, but there’s no certainty about when this will happen – hence the need for the current bridging finance arrangements.

I’m surprised you still hold shares if you think commercialisation has been put back from 2013 to somewhere between 2016 and 2026.