Hi Mr Mcgee,
No Worries.
To be honest the GCL deal was only mentioned breifly. They spoke about the delays due to regulatory aspects as well as others and commented GCL has had a hard and busy year as well (which alluded that this deal wasn't exactly a priority for GCL at the moment).
They reaffirmed that they have a very strong relationship with GCL and both parties were keen to see the deal progressed and that they have spent much time in Asia with them.
No confirmation of a time line or anything like that.
I feel from the presentation that it probably will go ahead in time but they seemed more excited about Poland and africa. So I wouldn't be suprised if we had another commercial deal signed and in process before the GCL deal. And although the GCL deal has a nice cash kick I agree that there is a vast amount of oppurtunity elsewhere and much money to be made especially in places that are more accepting of UCG and have more lenient regulatory enviroments.
To conclude I think China will happen, I think it needs to happen but I doubt it will be the first cab off the rank and I have no problem with that.
Imbiber - do you agree or recollect anything to add to the above?
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