There was a similar thought on the RES thread earlier.It seems...

There was a similar thought on the RES thread earlier.

It seems the Gleneagle project fell over because the vendors didn't fulfil their side of the bargain. Obviously that brings in to question the vendors competence and willingness to deal. Would anyone risk going to all that expense undertaking legal and geological due diligence, just for the vendors not to fulfil their part again.

Firestone are in a position where they already have a substantial reserve. The former Gleneagle part would obviously make a nice addition but they don't really need it. Additionally, Gleneagle appear to be bracing themselves for a legal dispute with the vendors. That could take months if not years to sort out and is not the sort of distraction that Firestone need currently.

I know I cop a lot of stick on this thread, but surely no one would argue that one.