countdown is on to finance conclusion, page-8

What is going on with the 11 banks??

BRR back in october last year stated:

We've been pursuing two parallel pathways here, one being the project funding and the other being basically an equipment lease or what we call leverage funding platform. In respect to the project funding, we've had 11 banks undertaking due diligence and data room access, and we should be able to progress with those banks towards some form of final term sheets, credit approval over the next two months.

Two months would take us to end of 2013. We are now mid march 2014 so what is going on??

Surely terms must be agreed one way or another by now???

Where is the update??