In January , I said if things go well they could be producing in July and clearly things are not going well. It looks like August to me. As for the hedge discussions they probably went along the lines -'we can't pay you and if you put us in administration the project will be further delayed - so your best option is q1 next year . pretty please'.
City likes the results! I think the fuel hedging is fixed going forwards and if you consider the growth in routes,high demand and ultra low cost model this has a very bright future albeit a dim today!.
Nothing for shareholders to worry about here any losses can most likely be recouped via a legal action based on the many deliberate misleading rns statements issued by the BOD during the construction period when their on site team will have been producing project plans with differing dates imv.
Sarah i would not worry about what RXdav writes because he uses an apostrophe which is fine for speech as in 'can't' but when writing he should really use ' cannot '. Also it is would be better from a grammatical viewpoint if he put the word 'I' in front of 'don't' or indeed wrote 'I do not' if he also wants to be taken seriously!
They were hardly likely to close on a good news dayimv. They are waiting for the usual aim drift and will manipulate and then close when volumes are low , interest is low and they hope sp is low. We shall see.
AS far as the seperator leaves a significant part of the plant yet to be gassed and then there is commissioning the control system - looks like august to me before any gas is flowing into the grid unfortunately.
Once people realise that the p/e is around 5 , when it should be treble that for a growth company the sp will recover. I think the catalyst will be a director buy - expecting that soon given sir ms is a wealthy guy.