Sent an email to Dave Whitby last week asking for the date of the proposed j/v meeting. Here is his reply. I think it is hopefull...what does the panel think?
'thank you for your email - however I must apologize that I can add not further information regarding the status of the funding of Galoc at this time. However, Galoc is a critical asset to Nido and without question it is our top priority and we have now honored our commitment to the Philippine Joint Venture by allowing the 90 funding term to run its course, I believe the phrase is “the ball is now in our court” and we will be working with great haste to ensure funding is in place. Sorry for the vagueness of this email however it is tremendously sensitive and all information will be released through the ASX. If you would like to give me a call at 9321 2844, I would love to have a chat."
Cheers - Dave
joint venture
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