Just because you don't know of other financing mixes doesn't...

Just because you don't know of other financing mixes doesn't mean they don't exit.

For instance if the project represents compelling value on a NAV, basis which I believe it does, why couldn't they sell say 30 % to a interested party zinc refiner. That goes some way towards the takeover but with considerably more shareholder value.

I've also written about convertible notes before. There's also mezzanine financing.

I feel some shareholders who are disappointed with SP and delays keep regarding the board as babes in the woods, which they are not. Witness the spin-off of Ardea.

Further I could categorise the delays, as careful sequential handling of the issues. I'm sure it wouldn't be a popular position though. However, in investing, popularity and investment returns tend to be opposing factors. Just ask (the much hyped) Warren buffet.