I think FWL might well be having difficulty getting the various...

I think FWL might well be having difficulty getting the various Memorandum of Understandings it's made with various steel producers over the last year or two over the line into committed partnerships.

This could partly be because of the huge capital investment required (500 mill) ... not many companies have that kind of cash hanging around ...

... but mostly I think it's because the companies they've been talking to are probably themselves getting ready for the cutbacks they're going to have to make for an on-coming global recession, so the MOU's are at risk of being shelved.

So the risk is immense, and that's why the SP is waiting for news either way.

But .... sigh ... I remain a holder simply because the amount I'd make from selling it now is miniscule compared to the4amount I'd lose if they pull the proverbial rabbit out of a hat.

And Brett still seems confident he can do that ... so I'm a crew-member on this little ship until it either slips under the waves, or makes its way to port.