It would have been prudent and good business to have progressed the alternate funding option with the 'second party' to a point where it can be jointly announced on today's deadline ie- have the alternate negotiations progress to the point where a clear option is on the table and we can signal to the market that plan B is well in place.
The initial 'good faith' shown to KIG and subsequent let down should have signaled the call to action to advance this second option month's ago, or KIG should have been held more to account. That slap on the wrist must have really hurt.
Sure, 20-30 years is a long time, but will seem longer if we can't identify genuine partners. Still this shouldn't be too hard to do with gold nearing a 2 year high and the Australian dollar looking attractive to overseas prospectors.
There is gold down there right?
- My humble opinion only.
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