funding

From the presentation 13 September 2011
"The capital works development funding negotiations are at an advanced stage with a couple of international parties.
The Board is focused on completing the funding prior to the Annual General Meeting in late November.
Development funding for the Charters Towers project is likely to be majority debt".

Reading this one could be lead to believe we are only weeks away from getting the $120mill of funding in place, I suspect the focus may be starting to become a little blurred.I note that between the presentation and the Full year report we have gone from "a couple of interested parties" to "several interested parties" the question remains will the "interest" be converted to $120mill of investment.

There was a line from an Australian movie called "The Castle" just cannot seem to remember the line.

DYOR My thoughts and ramblings only