Mirish, along with the Stockholm update I got from ERG last friday...ERG is teaming with another contractor to bring SF on board as soon as it can. Similar to Stockholm.
It means the margin of this project could be even thinner (or lose is wider), but more securer to get it delivered.
SF will not be cash positive for a while, but at least one less headache for ERG, if it got delivered.
BTW Mirish, what do you think the restructure with Ingot? If ERG has more and more cash in hand, is it still necesary to issue the preference share to Ingot? I think the main concern preventing investing in ERG is this one: WILL INGOT TAKE ERG AWAY FROM US!?
sf quiet, page-2
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Mkt cap ! $3.268M | |||
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