new base, page-24

hi toph, if u read this paragraph in isolation " The entire transaction, including execution of a joint venture agreement by Elephant Gold and Sai Constructiions, will be completed within six months, or other time which
may be agreed " then I agree they have at least 6 mths to execute a jv. However, reading the rest of the ann, it is my guess that jv agreement would be entered into when they form the company Karnataka Iron Ore ?????