"1. Paying Macquarie $5 million by the 31st Dec or getting...

"1. Paying Macquarie $5 million by the 31st Dec or getting Macquarie to roll the loan over.
2. Paying $2 million by the 28th February to execute the agreement for sale of the site.
3. Acquiring South African regulatory approval for the sale.
4. Waiting for shareholders of Delta to agree to the sale.
5. Getting new site indemnity approval for the new process.
6. Conduct a "due diligence assessment" of plant and all it entails.
7. Obtain $30 million in cash or kind by the 15th April 2009."

Very good summary Mango.

Any 7 of the above will be difficult enough hurdles to get over on their own.
Put them all together and it looks like it is too much.Especially with past promises made by Wood which always seem to turn to negatives.
They have no money and none of the big companies seem to want to try the tech.Difficult to see how they can continue with neither of the above.