Bermuda,
A few interesting options there.
A far cry from all those posts that some have put up recently stating that it was all fully funded.
As I have said on many occasions, they needed additional funding ahead of running out of cash by Xmas. That has again turned out to be correct.
They need to fund at least $100 m in my view. Anything under that will have the market wondering about the next cash raising all over again.
I have no idea what the funding mix will be. hopefully it will all be clearly explained so that we all know how the project will get through to a positive cash-flow by the end of 2014 on current time projections.
Will it get announced in 2 days, or will we see another of those famous suspensions?
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