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Drag it out long enough and you run up against the fixed term parliament coming to an end in the middle of negotiations.
This would need it to be delayed until at least ~May 2018 given the next planned GE is on 7th May 2020. Very unlikely. (If it gets delayed that long then it's very unlikely to actually happen anyway.)
Just a theory but:
Drag it out long enough and you run up against the fixed term parliament coming to an end in the middle of negotiations. So then you need to delay until after an election, the new government refuses to be bound by the actions of the previous government and ignores the previous government's referendum result.