SFX 1.69% 29.0¢ sheffield resources limited

BMWgirl, for once, yes the articles are relevant. But that deal...

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  1. 66 Posts.
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    BMWgirl, for once, yes the articles are relevant. But that deal had been with the FIRB for 8 months; not since August.

    "Yansteel Joint Venture Update

    Yansteel submitted its Foreign Investment Review Board (“FIRB”) application in August 2020 to acquire a 50% interest in Thunderbird through the formation of the Joint Venture. The FIRB application was prepared in collaboration with Sheffield and Yansteel and Sheffield are working together to respond to questions and requests for further information received from FIRB. Sheffield and Yansteel have progressed drafting of definitive Joint Venture documentation and continue to target the end of October 2020 for the execution of the agreements."

    - Taken from "Thunderbird project and Joint Venture Update"
    No mention of a FIRB decision by the end of October, just that they targeted end of October for Joint Venture documentation.

    "Application processing time:
    As a part of the temporary changes, the FIRB has extended the time within which applications will be reviewed to 6 months."

    From this article https://www.lexology.com/library/detail.aspx?g=2501cfec-3d30-4508-8bb5-217c1740f30b

    I'm only going to start getting nervous if we cross the 6-month time period.

    Unsure whether you just enjoy baiting people on online forums, or are shorting the hell out of SFX, but your persistence with the constant down-ramping is almost admirable. Albeit irritable and starting to get a bit boring.

    GLTAH
 
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