joint venture, page-57

Hi fatpizza,

could have been a bit longwinded, but I will defend my right to have an opinion, even if opposite to common thought.

I fully understand your point re: confidentiality, however it is possible to provide updates and revised timelines etc without breaching in confidence agreements.

If TB were to provide an investor update that said:

(this is not a quote)
SSN are undertaking a process to enter into a JV agreement which would idealy result in a signed agreement projected for the end of Q1 2011. SSN has a number of interested parties at this time, and current negotiations are preliminary pending due diligence/ or advanced .....whatever........(this is not a quote)

It would give a reasonable understanding of where we are at.

I have been a long time investor in LNC. They sold their first coal asset this year, but had been on the cards since before GFC. Multiple investor updates were provided, so investors had transparency, and could decide what was imminent or just pipe dreams.
The same process is happening now for sale of further assets, and goal posts have been shifted from this year to end Q2 2011. But at least we know.

Personally I believe a balance between commercial in confidence and shareholder updates can be reached. After all, SSN would be nowhere without its shareholders.

All just my opinion.
End of rant.

Cheers all
(sorry for the length)