Read his lips?But for this to fly it has to make sense from a returns point of view as for everything else and it will compete with whatever we have else in the portfolio. (S.F.)
After so much time and expense, this does not sound too encouraging.
He did not say, We are pleased with the progess thus far and.... or It's a difficult play and we are working hard to....
More like, We're still not sure this works....