They've changed the much repeated advice saying "term sheets in the next quarter" to "term sheets near term", so that suggest to me they are still some way off. I can't understand why they've continued to say finance was just around the corner for the past two years (at least). Perhaps they simply don't understand what shareholders are seeking. I note in the latest quarterly, they must be hitting some kind of record for the number of "happy snaps" included (~10), people shaking hands on various assorted signings, site visits, and committee meetings. Is this stuff supposed to be re-assuring for shareholders that progress is being made ? Not me, I'm afraid. I want to see the FID, and mine construction beginning, not this other kind of crap that is being dished up :
All IMHO, DYOR
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