Ann: Chief Executive Officer's Address , page-3

Reading the speach, I drew the same conclusions as you RM.

But to all the naysayers, I think that, clearly, the PNG deal exists but it's got the usual problems you have dealing with a highly politicised environment.

BUT, if that trigger get's pulled, then it's blue sky. We just need the patience (and capital) to last it out.

It was interesting in the Chairman's speech, that he mentioned that too much time was spent on raising money. Yes, read "diverted from what they should be doing, but have no choice". Thats how I read it.