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08:58
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Originally posted by chokdee:
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I was hopeful factchecker until the quarterly report and presentation only based on possibility FID could be announced prior to equity and on completion of debt which is now all but complete (just long paperwork process to prepare for release and the debt will be last drawdown - the equity component will first be used) - time was reiterated again by management and by end of year mentioned again - so perhaps EOY it is - although much of equity component well advanced - it is a significant amount - in line with what we have consistently advised - a 50/50 or near debt/equity split - the retail component alone which I would presume will come last - well it is advised as such in the 4 stage equity process will take 2 months from offer to completion (EOY another ticket for shorts/instos to play) but that's fine it all takes time and reality is 2 years in total is some achievement from when the huge strategy shift was initiated.
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End of year, they must write, as they do not trust the 50 parties on a timeline. I would be very surprised if that was right. Ie Would contractors hang around waiting for work, or move on to another job, the practicalities of the real world now kick.
(20min delay)