taking its time

I just got off the phone with the receptionist of the company. She is a shareholder and is extremely upbeat about the company's 25 year project. She tells me they are negotiating with several companies re funding some of which are trading on the asx. She cannot disclose which ones, as negotiations are extremely confidential. She says they are weighing up the short and long term options and they will chose the right one. In 12 months time we don't want to look back on a 25 year project and say we made the wrong decision.Entering into funding just to relist on the asx as quickly as possible would be a mistake. Palmer who owns approximatley 77% will make sure we get the best deal. As to the negotiations she advises me that shareholders will be happy with the "positive announcement on relisting". They have progressed a long way and she believes that we will be relisting some time in the next 3-4 weeks.The people entering into the negotiations did not want to enter into discussions until the acquisition of palmer's asset had gone through[early jan].She also proceeded to tell me the the feasability study was rolling along. I do not think we have much to worry about, just be patient. All good things come to those that wait.