Ann: General Meeting Deferred , page-2

Ok, so my gut feeling was correct. Not bad news at all, in fact it opens the doors that the MoU had previously closed.

I suspect that there are many potential partners who feel they are getting a second shot at this great project, that alone may increase the value of any new deal done (if needed)

Also, we need to remember that stage 1a is only a short-term project - 3-5yrs, so when you overlap the RSPT kicking in from 1/7/12 it is probably only 50-70% of production that is exposed to the RSPT. Also, most profits will be offset by carried forward losses, and it is not hugely capital intensive project, so all in all, the project will most definitely be highly profitable, RSPT or no RSPT.

cheers
Split