Previous management talked up the JV thing to death as far as saying it's imminent, its close, it will be done early 2012, data room open, lots of interest etc and so on, but couldn't deliver. The management style here is to deliberately steer away from that type of thing as it sets investors up for disappointment when it is not delivered, people loose confidence in the company, exactly what happened.
The JV deals and aussie assets are the "elephants in the room" meaning we know they are there but don't want to talk too much about them right now.
They are talking growth to steer company direction, other assets such as JV will continue as planned.
Just strategy as this stage, so don't be concerned about what is not being said.
growth strategy, page-5
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