Management indicated that they are sticking to their conference call commentary and that my information is inaccurate. Their best guess is that construction will resume in 3 or 4 quarters but nothing is certain.
The Echelon project could go in many directions. A change in scope (downsized if anything), an agreement with a new JV partner, or just more conviction on a financing time table could all be drivers of an earlier restart.
Echelon is a major part of the Bull and Bear thesis on BYD so we’ll keep digging.