murchison looks to put up 'for sale' sign, page-22

latest development is not pretty....it seems to me that potential buyers have doubts about FIRB approval...so they raised the question in greg martin negotiations ...greg martin has visited canberra yesterday to get idea abt FIRB approval...obviously none government can answer that including even PM...the standard process for FIRB or any government dept is to lodge application first and then they look into it...that takes time....if they will have to wait for FIRB approval I guess it will take more than six months and their OPR contracts gets terminated by government...this will put their JH mine JV with mits at risk and most likely mits will quit because they are only interested in OPR than mine...that sentiment and event surely takes SP down and takeover will probably happen later....at which SP I dont know but they may burn their 100m RCF fund by that time ;-)