tranche 3 funding in time one now fully commit, page-73

Very disappointing why does it take the day of the transaction to request a delay. Either the mgmt knew or they didn't know or it was unexpected - either way it doesn't bode well for market confidence. That spells trouble for the sp as sp is all based on confidence. We seem to always find excuses for mgmt and to an extent they are reliant on external parties or factors. However one of the skills of mgmt should be in their ability to judge these factors. IMO this is where we lie: holders can't do anything but wait for the next move or dump now and move on. Plv is dependent on time one for survival and we play according to time ones rules. Fundamentals do not matter if no investor to back the project. By the way What happened to cockatoo binding agreement?