Hhhmmmm... bit sensative hey Ockers... I was just asking the...

Hhhmmmm... bit sensative hey Ockers... I was just asking the question.

If you had any knowledge of property law in Queensland, you would understand that 'time is of the essence'. Therefore, when a contract is 'unconditional' as stated by the company, then they are required to settle on the exact date.

Why have they not informed the market that they didn't settle? They issued more than one announcement to the market previously about the purchase - except that it didn't happen on the date agreed/announced.

Mate, I would be upset with the company, not me. The share price has performed poorly the last two trading days (since they didn't settle the purchase), and there has been no announcement to market... This is quite obviously market sensative information - which you have disclosed to us on this site.

As for Council not approving the settlement?? Is the Council required to approve the transfer? The contract was signed 7 months ago, and has been 'unconditional' for some time.

Two words: "Credit Crisis". Good luck.

Again, just a personal opinion (ie. not defamatory big fella).