IO below $55p/t, page-10

Hi westcott,

If you don't think that the over-supply being experienced in the IO market (and following commodity price fall) has any effect on SDL and it's chances of securing finance any time soon, that's fine but I strongly disagree.

IMO again you show your lack of awareness of macro factors and how they affect SDL's current predicament.

Whether you'd like to believe it or not, current macro factors effect the decisions of banks, funds and major investors.

Negative macro factors that may hang around for the next 1, 2, 3 or 4 years mean it's less likely anyone will want to commit $4Bn to an African greenfield project now.

SDL doesn't have time to be waiting 1, 2, 3 or 4 years for the IO worm to start turning. SDL will need working capital before then, the Convention is up for renewal, and there is the issue of note holders gathering ominously overhead.

Of course, your inability to apply any sort of analytical thinking to macro factors and how they affect SDL means you missed the entire point of the initial post.

Why don't you stop attacking the poster and start discussing the issues SDL is facing?

Good luck!