deal or no deal ?, page-13

Apparently these term sheets are not terribly binding ! that 1 per month for the last 3 months ?


"Pluton announces that a binding term sheet has been agreed and executed for a proposed 50/50 unincorporated joint venture with WEG over the mining operations on Cockatoo Island."

"On 16thJuly 2012, the Company successfully negotiated and
executed a term sheet with an Australian entity to enter into a 50/50 unincorporated joint venture structure in respect of the Cockatoo Island Project
"

"17th May, 2012, Melbourne: The Directors of Pluton Resources Limited (”Pluton”) (ASX: PLV) are pleased to announce that a binding term sheet has been agreed and executed for the proposed 50/50 unincorporated joint venture with its strategic partner, Timeone Holdings Limited (“Timeone”), over the mining operations on Cockatoo Island."