"Still even if they got to $1 which i mean it really should get over this seeing as it got to 80c when they were just drilling? now if they get a JV/finance partner and they are still drilling should go higher??
Just my pathetic reasoning. a boy can dream...like andrew forest?"
Your reasoning could be right, as there are big chance that we'll know a JV/Finance Partner in few weeks.
As Don Lewis said, SDL's Project financing will be realised in 2010 and is a two-step process:
- The first step is to secure key developments partners (off-take partners, constructors and/or financiers). And Deutsche Bank is currently engaged with a range of prospective partners with their target being recommend the preferred party(s) and financing terms before March/April 2010.
- Then they target to close out conditions of financing towards the end of 2010 in preparation for commencement of construction.
They said they will not wait until confirmation of their development partner(s) to advance these work programs for two reasons. First, any delay will ultimately lead to consequent delays in project commencement. Secondly, the work oulined will progressively enhance project definition and reduce risk, therefore adding value during the process of negotiations with prospective partners.
Cheers - BS
SDL Price at posting:
13.0¢ Sentiment: None Disclosure: Held
