Ann: Half Yearly Report and Accounts, page-19

Further to that, a dataroom evaluation by a major is going to take weeks, even months to conclude, and then if they like it, weeks-to-months again to negotiate. We don't have a great deal of time left on the clock to complete the work obligations, so a deal obviously needs to happen sooner rather than later. I keep reading "we hold all the cards". The time thief is the card that we don't hold. So whilst we have high expectations on a deal, we need to be happy with however much cash it is and whatever carry and equity we might get.