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04/06/12
10:57
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wake up, 1.7billion capex, and GFC2 = no money from financiers.
They need a JV partner, who will front up the cash and mark their way forward, even free carried with say 20-30% etc.
History should teach nick, look back at GFC1,
good luck holding on.
I've focussed my stocks on cash flow positive stocks, and those who will have the big brothers to make development a certainty.
Avoid the risk of the if. Because that is what the market is doing.
Market will focus on those with clarity, and certainty of moving forward, without a haze over their capitol structures.
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