Spot on granev. I can't imagine Sage has decided to delay it that long just because of current climate. Like Kruiser stated getting 300million now to invest in other areas Sage decides has to be far more beneficial to CFE and it's shareholders than holding out for 2 years for the hope of 500million, which is still not a lock.
Will be interesting to see what hapens in next few weeks regarding announcements with Marampa as recent AKI events show there is demand in iron ore projects such as ours.
Hopefully sage is being as pro active as ever and really giving it a good push to get rid of this quarter of 2012.
marampa, page-7
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