Hi Reggie001, I can't see the company going into administration...

Hi Reggie001,

I can't see the company going into administration in the short term. They're not a producer being affected by the I/O glut.
The koffers had just been propped up by$40 mil and if things were really getting tight, SDL could institute some cost cutting measures. Admittedly, their cashburn is horrendous. They need to start getting this project on the road and closure on finance before the $40 mil runs out. At their rate of cashburn, by my estimation that would have to start digging for cash again in May/June 2015. So hopefully they deliver what they promised for so long (JUST FOR ONCE !!!!)- that is: Financial closure by mid 2015.
The PORT and RAIL will almost certainly be sold off. Taking 3.5Bil off the books. With that, perhaps selling off 30% in mine equity coupled with debt funding to develop the mine, should carry them through to production. Well that's one of the most probable scenarios as I see it (Barring any T/O attempts from left wing).
cheers