Ann: SFG Project Sea Dragon Update, page-9

I agree Netraam, SFG must be getting very close with the funding, especially as it refers to:

"...The binding framework agreement formalises key commercial matters, governance of the management process, and importantly locks in pricing for an initial package of construction works.
The agreement was finalised after agreement was reached on pricing and terms for the initial package of works, which involves five key contracts totalling approximately A$78 million. The value of this work is within Project Sea Dragon’s budget and, subject to funding, will allow construction activities to commence at its Grow Out Facility in Legune during this dry season (2021). The contract structure and pricing reduces price risk within the key construction packages and reduces the contingency required for the initial works at Legune...."

Finalisation of funding with banks on mega-projects, of which Stage 1a is part of, usually is very concerned with cost estimation of the various components, and as we all know Project Sea Dragon is very complex due to substantial geographic spread, and a variety of capital expenses from digging ponds, through to purchase of capital items, notwithstanding the componentry is nothing compared with what might be found in say a chemical plant.

It might still be a bit longer knowing what bank credit processes can involve, but I wouldn't be selling shares at this stage. And yes Luke, I'm sure the company is also looking at the options due to expire mid-July (they might actually get in the money!).