I think a few are jumping at shadows with today's announcement...

I think a few are jumping at shadows with today's announcement on NAIF.

In my opinion, this is just new Bruce's style. Whether we like it or not, he seems more focused on getting the Thunderbird Project refined and financed to its best version, than placating the desires of shareholders. As a long-term investor, I much prefer this approach to someone releasing fluffy announcements to try to pump a share price a few pips for a day or two.

Ultimately this is what will create serious long-term value for shareholders and more importantly, avoid the disasters being experienced by other companies (such as Saltlake Potash ASX Code:SO4). SO4 could also explain why there has been a general tightening on NAIF's due diligence processes, not necessarily anything to do with SFX or KMS specifically, all groups seeking NAIF funding are experiencing the same scrutiny.

I also believe that SFX is being very careful and strategic in their public announcements. Remember that shareholders aren't the only ones that read these. When in the middle of negotiations with other commercial lenders, be it Taurus or other, keeping cards close to your chest is the more astute approach. I think this is simply a case of 'lessons being learnt from the past'.