Watching, waiting and nothing but hoping..
In my view I think the project is sufficiently robust to carry senior debt to 50% at reasonable rates, mezz the balance at circa 18-20% pa capitalised monthly (in my experience plenty of mezz around atm) and SH siting in angst underneath grasping at the surplus proceeds should mgmt deliver on time on budget and on specification.
Fanciful, but until we hear more I am happy to cross my fingers and hope!
