yep, probably be the 14th or 17th as 15th is a Saturday
and to be honest im not holding my breadth, if we had some good news we would have heard it by now, im expecting another one liner, another extension until ??????.
what absolutely amazes me is this:
this process has been formally ongoing for like 7-8 months now, in addition XEPT have been conducting informal discussions for some 12 months prior to this from memory, despite that and throughout all that time its been the same lame one liner to shareholders, so what they are saying is throughout this entire process there is not a single thing or step in that process that they cant disclose to shareholders. I will provide an example:
for instance when I do a property development there are many stages/steps throughout the approval process, my application does not just go to one person and sit on their desk for say 10 months. it starts at the WA planning commission step one, I then get conditional approval step 2, I then liaise with many other regulatory departments to meet conditional approval criteria, water corp step 3, western power step 4, local shire step 5, engineers, surveyors, tradesmen, and each step has either a positive or negative outcome etc etc I think you get the jist. so basically every month I get closer and closer to completion of the deal/approval which I could report to investors/shareholders on say a monthly basis as to the actual progression or steps in a process for example. no not anq, why, who knows, but I would say as usual china is pulling every single string here in their favour, and there is not one thing we can do about it, unfortunately over many many years things have evolved to this and population of the likes of china/india will rule. absolutely sheets me to tears, china needs our food and resources as much as we need to trade with them, however just like Donald trump said throughout his entire campaign, its time the USA done deals that benefit the USA, deals should be win win for both, not just for china.
i don't want to sound like a broken record however china has the world by the balls, its done their way or no way, i know this from my own personal business experiences from having feet on the bitumen in china, seriously to gauge if this is BS or not, go have a read of the last weeks posts on bellamys (BAL), seriously have a read through all the threads and you will see the thematic how china can make and break foreign companies for their own personal/fiscal benefit, and BAL is far from an isolated event. Its no wonder trump is taking such a stance.
anyway that's my vent for the week...lol, as usual and as I have been saying for the last 5 years, I hope im proved wrong.....
who knows maybe they are waiting for a dual announcement, completion of the deal and also the purchase of shenton park plant
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