I agree Woodie - I think development at a pace that can be financed without too much dilution, creates less execution risk and longer term jobs for all the construction workers is much preferred. This in turn creates a long term growth story, as 400 hectares eventually becomes 15000 hectares, with most of the capital retained and an exponentially growing earnings and dividend stream. Also if you try and construct things too quickly, costs tend to blow out (just ask the mining industry), they will learn lots from constructing early ponds and further refine. If SFG can maintain > 50% share of the initial phases and then grow it from earnings it would be an amazing effort. I'm happy to hold on now as fully topped up to my eyeballs and confident it will pay off ++ long term.
Re CO2 - I'm relaxed, I think that they will eventually sell it for about $5 million as a going concern and holders will receive the proceeds, which can be considered as special dividend probably about 0.3 cents per share. Divestment will actually improve the SFG share price in turn as less complicated, be interested to see activity after 19th July which is divestment date.
SFG Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
