In The Australian this morning, talking about MAK jv with UCL:In...

In The Australian this morning, talking about MAK jv with UCL:

In the meantime, Wonarah, which needs circa $2 billion to be developed, fell victim to the same "done by Christmas" syndrome.

Management wanted to seal a pre-yuletide JV deal with NMDC, India's biggest mining company. The Indians let an exclusive negotiating period lapse but due diligence continues.

"It's still a deal that should be a marriage made in heaven," Drummond says (of MAK).

"They need the phosphate and we need the money and we will meet in the middle."

http://www.theaustralian.com.au/business/opinion/suitor-could-be-the-making-of-ucl/story-e6frg9lo-1226270189588


Sounds good to me.