Ann: Trading Halt, page-156

A term sheet is merely the agreed intent of a pending contract.
A BINDING contract is a document that is SIGNED by both parties. I look foward to BB confirming to the market that both AUZ and SKI have signed a CONTRACT. Anyone who has negotiated cross border contracts with large corporations knows it takes time. Legal teams from both sides flex their muscles and sometimes the win-win aspect of a "deal" gets bogged down until the "principals" say enough is enough "sort it out promptly" then funnily enough both legals put their egos aside and completion occurs. I wouldn't be surprised for this to take beyond Monday.
Then it's up to the parties to perform as outlined in the contract.
I am pleased this is being sorted. Then AUZ, ASX and SH and the market in general will all be on the same page and the .ppt will be consistent. We are now back on the correct track.
Apologies for any typos or spelling errors.