..The company expects to finalise the preferred bidder by the end of June 2014...
Hi ninelives, I think we can all see where this is going.
The truth is Sundance expects to finalise the EPC in the June quarter which begins on April 1st, (a bit over 2 weeks away). NOT at the end of June (3 and a half months away).
Yet, we all know the pivotal decision that drives the EPC outcome is the offtake negotiations (significantly progressed as of early Feb and reiterated in yesterday's release - I take it decision imminent).
As Marcus Padley of Pettersons said, brokers are there to generate trades, but I have never come across something as brazen and desperate as this.
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