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Short interview with GJ, page-14

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chakay

3,850 Posts.

146

09/06/14

19:38

Post #: 13502215
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Originally posted by Sceptic111 ↑

Hi GCA,

I think you're being much too harsh. It's pretty clear from the last announcement that they still have not finally decided whether or not to go with a BOOT option. Until they make that decision they don't know how much equity is needed, hence can't sign off on any debt component either. They specifically say they have indicative terms for debt financing, but can't convert that to approved term sheets until the equity side is dealt with. Obviously they still have several balls in the air at the same time, but what they do have now is a bankable EPC with a price attached for the port and rail. That is critical. Incidentally, it is probably relevant to point out that the performance criterion is only for 35 mtpa. That would leave other companies' deposits not worth much.
I'm feeling fairly relaxed now, just have to leave it up to GC and GJ to get as good a deal as possible.

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They Had two tenders with two different options

8 Months and still cant decide lol... unacceptable and market sending a clear message

Time for GJ to retire IMO, Board can put whatever spin on it they like.

Something is clearly not right as to message they are feeding shareholders

Cheers

SDL Price at posting: 8.7¢ Sentiment: None Disclosure: Not Held
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