Ann: Sale of Bundarra Gold Project Update, page-6

binding agreement in place. reason is punters believe SAR will pull the deal, which remains a possibility. It's share price has crashed more than 15% since the initial-agreement (and SAR said it has a right to pull the pin if thats the case). But now binding so less chance of that happening but could still happen if gold price falls more. Punters also want to see money in the bank and don't really like cash backed shells because they generally take forever to make you money.