deal or no deal ?, page-47

"On 16thJuly 2012, the Company successfully negotiated and
executed a term sheet with an Australian entity to enter into a 50/50 unincorporated joint venture structure in respect of the Cockatoo Island Project."

AKA,

It now clearly show that there aren't only the Chinese reneging on deals, or backing out from a term sheet agreement.
The Australians are doing too. And that proves that, when in business, and things are tuff, anything goes. Juts look around mate.