Sino Agro Food Inc (fka SIAF)

[ks1977]

They have to halt all new or planned developments at TRW until they get financing

They're not going to do that, but they don't have to halt everything either. What's your take on the wording in the Q1-report about TRWs capex?

Capital expenditure for all businesses was reduced, most notably at SIAF’s equity investee Tri-way, which restricts project development to a percentage of cash flow and as justified by individual projects, until outside cash resources become available to continue development of aquafarms 4 and 5

The ideal solution here would be for TRW to spend the remaining part of its cash-flow (1% or more) on repaying SIAF. That would secure the Q4-dividend and prevent further dilution. If that is the plan then SIAF should be clear about it, it would remove a lot of fear (TRW starting to repay SIAF would be great news).