As has been said the 9 month time frame is significant, however I can't see the (now secured) Con note holders just let the project be handed back. Surely they will have the clout to be able to get a deal across the line to finance the mine! (and being secured they no doubt they will be involved in any finance negotiations)
Unfortunately this is not necessarily great news for shareholders as it appears that SDL will be at the mercy of those secured creditors and I have no doubt is why they have been happy to contribute capital and most recently to extend terms. This was mentioned in early days of some of these capital raisings, however it now appears a subject most wish to avoid.
The never ending decline of the sp has obviously changed the expectations of many and even though we are back to the rah rah, read between the lines, don't get caught not holding type posts I fear any future big returns on this project have already largely transferred to others................
SDL Price at posting:
1.1¢ Sentiment: None Disclosure: Held
