"When GXY said imminent back in 2016, it happened shortly after"
Many of us are acutely aware of what happened with GXY and their search for a funding partner. Ideal resource, TOP quality, large, world class assets.
MANY interested parties.
Formal discussions and negotiations.
On and on and on and on.
NO DEAL 2017, 2018, 2019 etc.
It was "imminent" alright, but the harsh realities of the industry and the unfolding pricing cycle meant that there WAS NO SUITABLE deal that the company was happy to accept.
GOOD on them.
Pretending that JZ can easily tie up off-takes and funding of a couple hundred mil on acceptable terms, when the sector is being smashed and product is yet to complete qualification, is simply unrealistic imo.
You wanted to use GXY as an example, there you go.
How's that for "on topic" for you?
"When GXY said imminent back in 2016, it happened shortly...
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