Ann: Appendix 3B , page-19

Fair enough Tedon.

I have to offer my two cents when the usual suspects appear to say its curtains!

To elaborate on my theory while explaining the gap i didn;t fill...

You said:
"I don't think the Veit elections can be a valad reason for further delays. I say this because of the robust and positive statements (such as "imminent commencement of external engineering works") by tincom management 15th November, less than 8 weeks ago. They knew the elections were coming up then".

Well my source tells me that until about 2 months ago, noone knew whether or not the PM would make it through the election. So things were on hold and we heard little...

Then, a poll was done, the PM's rival was placed in a top position and his hunger for power was satisfied...
then an international poll revealed that the PM would indeed maintain his position...and merely a week later we heard Tincom come out with the wrap that things were imminent - basically, after they felt confident again.
Now, until the fat lady has sung, nothing is a certainty.

So even if they knew the elections were coming, they didn't know if they would remain the PMs chosen project (Tincom)..but shortly after pre-election confirmations (if you can call it that) they knew where they and VicColdry were heading, felt reassured and so they reassured us all too.

Thats only my take and as someone else said roughly ' if we have to wait until after the elections ESI could be done for...' i think this is an extrememly dramatic and alarmist statement considering that the elections are due to be held later this month (by memory) and we aren't going anywhere by then!! This is why the price is holding up and not crumbling - there is zero panic and there shouldn't be any anyway.
I think that by the first week of Feb i will have heard more from the company, along with everyone, and so i remain quite confident. Actually, the longer it goes, the closer we are in my books, but my cup is 3/4 full for i believe in the product and what it can do for the world and how it could be taken on globally.
Cash wouldn't be an issue with La Jolla.

BTW, gotta hate all the alarmism going on..appearing all at once from several corners like its organised - again.


Cheers

L