RE:Q3 reviewHonestly, being this close to production, I'd be concerned if they didnt have a working capital loan. I know some are put off by the fact they have acquired some credit, but it's necessary in this economic envirionment.
I am also not surprised that they have put off production to Q1 of next year. With Oil prices being what they are, there is no urgency to getting this up and running.
From what I understand, they probably could have got things running in Q4 as scheduled, but it would cost more to rush the process, and why would you rush the process when Oil is less than $50 per barrel.
This all seems ok to me.