Ann: Quarterly Activities Report , page-5

I see for the port approval work has to be substantially commenced by November and the work is supposed to be going to tender this quarter. The environmental bond to pay is only $2.7m which is less than the $5m, from memory they had paid and then got returned last time. It all sounds like its progressing fairly quickly now that approvals are through. A bit strange they don't mention progress with finance. Not sure what to read into that. Its obviously important so not mentioning seems to imply they don't wish to imply the wrong thing. Any thoughts on this?