That ann was a classic and polite way of saying (as a responsible entity in the mining industry) that SDL Management set a target but most likely they (SDL Management) are nowhere near hitting it as that set target date was June 30,,,, and it turns out that, that date would be tomorrow already (which is Today).
So effectively, the ann said, we are working heavily on it, but we can not promise anything yet. However, as long as we could start constructing before the year ends .... it should be okay.
It's a typical mining words carefully designed to politely say to us Shareholders, that the management are working hard for our investments, but they want us to be more patient as the task at hand, is actually harder than they thought it would be initially.
I can see (from that ann) that more negotiations have to be carried out still. And no certain or conclusive final deal is being drafted as yet.... which means more time is needed.
That's my take from that ann yesterday.
Cheers,
RVINTL
SDL Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held
