Hey All,There are a few reasons.1. Low volume2. Risk is still...

Hey All,

There are a few reasons.

1. Low volume
2. Risk is still there
3. Yesterday a price target downgrade by Morgan's from $0.36 to $0.33 due to a bond rate spike from 2.25%-2.9% so they're assuming the worst-case scenario (afaik, 3%)...although apparently we're now expecting it to land around 2.4%. TLDR, profits have been dampened slightly due to some increased repayments.

Still expected to close later this month. I know 'delays' are a pain but...

1. That's just the nature of the beast with a $750 mill project and this many stakeholders
2. Simon is a gamer. We lose momentum if he starts giving the worst-case scenario/realistic dates for close/construction. If you talk about your project like it's happening tomorrow the media and gov't can get excited about talking jobs.

Keep your project top of mind (think about all the media we've had...) and if necessary make a call and change a contract date from December to March etc.

Regards,
Jeremy