poor effort by nikhil16 Jun 2016 13:26
Work has progressed as per the key milestones detailed in the update in March 2016 and management remain in consultation with the lead contractor on a weekly basis to ensure that the final configuration, fit out and specification of the facility will optimise port operations and, therefore, returns for shareholders. It is becoming apparent that these discussions are likely to conclude that the optimum facility fit out will require additional funds and, whilst the management of SPL believe that the Group is not currently working capital constrained, they will consider a number of scenarios to secure any additional funding requirements. These considerations include increasing the current debt facility, securing a strategic partner to invest in the Company's subsidiary operating company, or a placing which would be available to all shareholders, or a combination of the above. The Group will update shareholders on its conclusions in the coming months.