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I'd hazard a sign will go up at Legune, at the very most.The...

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10/07/21

18:53

Post #: 54418168
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Originally posted by BWinter: ↑

SFG were wanting to contract out ~$150M this dry season, so lets assume the shareholders pass the necessary resolutions at end July, they will have $107.5M to play with. The options will almost certainly lapse worthless at the end of the coming week. Given SFG are not profitable; I estimate they need a further $50M to be able to let those $150M contracts and even then they will be well behind schedule. I would expect that most of that $150M would be on the critical path, implying the overall project will also now face delays. I rate a NAIF loan in the next ~2 weeks as precisely zero possibility, but still hold out hope for some form of debt funding. If that doesn't eventuate, well I guess everyone can figure out the consequences.

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I'd hazard a sign will go up at Legune, at the very most.
The logistics vs time frame just don't add up.
Also, it'll be interesting if they suddenly decide they CAN work in the wet.

SFG Price at posting: 5.6¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $14.51M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.3¢	$150	50K

Buyers (Bids)

No.	Vol.	Price($)
23	17273797	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	5471034	18

View Market Depth

No.	Vol.	Price($)
23	17273797	0.003
12	9560737	0.002
9	9322002	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	5471034	18
0.005	4466662	13
0.006	3018347	7
0.007	300000	2
0.008	300000	1

Last trade - 12.29pm 04/06/2024 (20 minute delay)


Last 0.3¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
0.3¢	0.3¢		0.3¢	3742045
Last updated 15.34pm 04/06/2024 ?

SFG (ASX) Chart