I think is the combination of conversation selling and people...

I think is the combination of conversation selling and people think they may have to write off JV for now.In all fairness，they did say they mainly focus on producing the premium product for the time being.And huate is the principal applicant of the JV，NSL is just tagging along.It does not shoulder the burden of financing it，nor the risk.Huate will decide when JV will happen,not NSL.So we may have to see JV as a bonus rather then a given.
I think we may have to settle for just 12 mil cash flow for next year.I think that is much more practical than JV,which may take at least 1-2 years to materialize even signed.