I thought I'd send of an email to SAS to see if anything was progressing and how Virgin Orbit going broke affected them. Didn't expect a reply, but the company secretary was good enough to send me the following response. If we weren't already diluted in to insignificance before, we certainly will be in the near future, if indeed SAS survives. They still seem to think they will put up 16 satellites by year's end or early 2024. If we are lucky, listed shareholders might be first in line to get a chance to average down (LOL).
Looks like the poor old 3 Diamonds are now unloved and a bit "lost in space". Not flying in close formation anymore. They must due to drop out of the sky at some stage soon. Been up there 6 years now.
SAS Price at posting:
1.6¢ Sentiment: None Disclosure: Held
