What they are says is: yes the FDP has not gone in yet, but the fall in oil price has resulted in further negotiating with contractors (some items already agreed and in contracts) the contractor group is strong and intact, they are exploring other funding methods in order not to put it all on the contractors.
All the design way is done, new RAR to reflect changes
To be honest they are further advanced than I thought they would be.
42share price recovering now people start to read the detail - thing are progress better than initial thoughts -------- There has been no progress in last 2 years. The MOUs, as predicted here, were not worth the electronic paper they were written on.
I now expect RC to resign, forthwith, and have called the investor number to say so.
If you have XEL at heart, and are a shareholder, you must do the same.
I'm no day trader or trader at all. But when news indicating delays and complexity and difficulty precedes an 18% drop (at one point), then I see no reason for cheer.
IMO this will slowly drip down to early 20's. I hope I'm wrong for everyone's sake but that's how I see it. There has just been a bounce, which is expected but I expect to see it further down by the end of the day, tomorrow etc until FDP comes, which seems like a long way off.
It really depends on what the FDP has to include as I asked this board weeks ago. If it includes any of the financial discussions of how to fund this project and how each partner agrees on their slice of the pie then it's many months away. Isn't it?
Most people continue to sit on their hands (volume so far indicates this) it's just traders who use any news (positive or negative) to their advantage - it's just a waiting game - clear all the jigsaw pieces are in play or in place - significant progress made here, just the finance to tie down. I certainly didn't see any mass exodus for the door - I am guessing you are exaggerating to support another motive?
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