Can anyone else see a total contradiction in the following two excerpts from the latest Q Report?
Quoting Pursell (29/4/)9):
we have been able to obtain confirmation from confidential sources in Shanghai that the purported CRR/Yunan Jiaming process for nickel laterites has been discredited by a large Chinese group who are now offering an alternative process.
and
in early April 2009, the Company offered CRR ----------------------
A new ‘Australian-type’ joint venture under which CRR would earn equity in the Young project over a
period of years.
END OF EXCERPT
If by implication, they don't believe that CRR can be trusted, why offer to now do a deal with them?
Is this deal just a ploy to deter the CRR group from taking immediate legal action to recover their loan to Jervois - which by now with interest and court costs would amont to quite a large sum, well over the original one million dollars!
Who's to say they won't negate any potential deal with CRR when it suits Pursell just like last time?
I can see why CRR have not bothered to reply even after almost 4 weeks have elapsed since they have received this communication from Pursell.
cheers
Birdseye
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