Further to my last post.
If there is a delay of more than a month or two, we could as Squidd and a few others have said, need to raise more cash to keep going to the later Financing date.
Surely better to warn us and the market now instead of all finding out in a couple of months and the share price get's smashed again.
Does SDL wait and see what happens with the iron ore price and all of a sudden have to start looking for more cash to keep going? or do they allow for a longish delay for iron ore prices to pick up and get financing they need and start sourcing new cash into 2016?
No good sitting on their hands waiting, be pro-active.
The Studies that have been put on hold to conserve cash, work on the Rail and Road corridors, the port could all be affected by a delay in financing coming through late. 2016 could then become 2017 to finalize financing as some of the items with studies have to be in place to get financing.
Regards
Westcott.
SDL Price at posting:
2.5¢ Sentiment: None Disclosure: Held
