Col69 I agree that the sentiment of the short term outlook of...

Col69 I agree that the sentiment of the short term outlook of trade has stalled.

But

Ships can still travel (just not all dock yet), liquidity is being released in unprecedented quantities and there are all kinds of temporary concessions around the world regarding loan repayments, wages, taxes and interest rates.

Those conditions are really favourable for a rally. Not saying it will definitely rally just that there are forces combating concerned/fearful sentiment out there.

As far as JV is that really necessary? Interest rate cuts, and valuation increases at SDV could come close to enabling leveraging equity of the test ponds to pay for stage 1. It must be close to being able to self finance the lot.