Possibilities24 Aug 2018 19:27
Have to say Dan you've called this right,you've been vilified,even by myself initially!
Deadline looms,are they going to go to the wire,it's looking increasingly likely this whole fiasco will go back to court.
Unbelievable delay in this Iconic project,just starting to wonder myself will it ever be built.
Let's say miraculously there's a funding agreement by the 5 th,what's the likely extra cost,but in any case Challengers stake is likely to be diluted.
Then I wonder how long before an actual start,and more likely completion date?
How long before Challenger receives any income,
Many variables here,forget EOT for now,it all hinges on the NY Wheel.
Now the £35K due from SS,is essentially crucial for working capital,but honestly can't really understand where there are expenses.
I used to express Mcap versus investment spend for an investment case,but that doesn't really apply here now,for now that is.
How I see it,
Restart,big spike,which will be well sold into
No agreement,,back to court,peeps will throw in the towel
NYW abandoned,still believe unlikely,then that's lights out for Challenger.
Time will tell,not long to go now.