They said they participated in negotiations but you would have to think that unless they had the funding in place, before a decision was made that they wouldn't even be in the race?? That's not to say that they aren't considering a joint venture with someone such as GWR who are more than likely one of the 5...
I've been told and I think I saw on a quarterly somewhere (don't quote me on it) that it would take 15 months to get ship into production. So assuming they get the port facility up and running early 2015 that would mean we would have to have the funding by July / Aug / Sept 2013.
I thought it was an ok quarterly and would be happy to pick up some more under .6 but I'm happy if it doesn't go there.
FAS Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held