Nauv,
I agree with your points (IF IT GETS SIGNED).
The point in question is that there has been no indication by the company in the ASX release when this deal may materialise to a binding agreement other than:-
The completion of the proposed joint venture arrangements and GCL’s participation in a private placement of Linc Energy stock is dependent upon FIRB (Foreign Investment Review Board) approval in Australia and the finalisation of customary legal documentation of a transaction of this size and nature.
And we know it can take a very long time.
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