current status?, page-41

Yes Tim that was me you were talking to

I don't find the concept of an option or "hurt money" difficult to believe
As I said to you BAU were paid twice market price for a placement to Chinese they were negotiating with and there are often break fees in lengthy takeovers etc
Tony also said that the companies he was talking to had plenty of access to funds with a cost at about 1% so the capex didn't frighten them

Simply put the market wants their high grade product and will pay for it
Now it's up to the management to negotiate a good deal and move the project along
I don't believe JV partners or others can contemplate a take over until the project is producing as the personal relationships with the Mayala and to a lessor degree the WA govt and it's departments are too important to risk upsetting the development too soon