Market Reaction: Negative as this might reduce the consensus on valuation. This is likely to have a more muted impact on our valuation given that we had built in some contingencies on Stella's capex. In addition, when these payments are due, the Stella project should be generating a material amount of cash, with therefore no impact on Ithaca's near term financial position. This issue of potential cost related to a change order had been a concern to many investors for some time and this announcem ....
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DIFFERED CHARGES AT STELLA
Market Reaction: Negative as this might reduce the consensus on valuation. This is likely to have a more muted impact on our valuation given that we had built in some contingencies on Stella's capex. In addition, when these payments are due, the Stella project should be generating a material amount of cash, with therefore no impact on Ithaca's near term financial position. This issue of potential cost related to a change order had been a concern to many investors for some time and this announcem ....