RE: Hmmm!9 Nov 2018 10:31
Yes sonic I would but I really do think its as simple as getting the paperwork to the right committee for sign off.
"SEPCO III's internal investment approval process is ongoing and could not be completed before the 30 September 2018 due date by which all conditions, including required approvals, had to be obtained."
I accept that you could read that as SEPCO looking at KIBO and saying do they have a legally binding contract for X Y Z project yet but that's not how I read it. You could argue, if you wanted to, that although its not conditional on the approval of SML or a PPA that SEPCO might need to see some form of Govt approval that the project might advance (eg an SML or PPA). You could also note that the agreement deadline was extended after the announcement of the new tender process and that means KIBO needs to have something more concrete. If thats the case then you could expect an RNS saying the dates been moved out again to end of December.