Perhaps NME were potentially cash strapped and on their knees...

Perhaps NME were potentially cash strapped and on their knees when they entered into the JV, MCT have earned their 51% controlling interest by honouring that agreement,you couldn't possibly throw more cash at it or time developing this project without a course of action that protects that,the partner has been recalcitrant to say the least in the development of this project and contributing any $$$$$$ to its progress which kind of validates my opening sentence, most bases have been covered in trying to move it forward so hence the current situation,on a personal note i cannot for the life of me see any sound reasoning for throwing money at NME as a new shareholder,just read (independent valuer's statement),to me its a dog on its last leg and its pretty damn hard standing on one leg for very long.