RE: financingIt's a good question about whether negative news regarding financing is already built into the price. IMO given the climate we are in if we see negative news we drop regardless of how stupid cheap we already are. I doubt we would stay there for long and I haven't a clue as to how far it could fall but I think that is what is scaring many off. Even I am nervous about the financing and I have to be one of the most bullish people here. This is simply a horrible market to be at the stage MOL is right now but that being said it has also helped in that a lot of competing projects have already fallen by the wayside making the economics for Spinefex even more sound. I still say it gets done but maybe not in as sweet of terms as we were maybe initially hoping for. That said financing at terms not as good as MOL deserves should still be extremely positive news in this environment. With present stock price investors are certainly betting on bad news coming. My money is on the deal getting done. In a typical climate I wouldn't be worried at all but in this climate I can't help but be nervous even though all my investing knowledge says this should be a slam dunk. Crazy.
I can't get over that my stink bid at $1.60 got filled yesterday. Fear is running rampant.