quarterly activities, page-49

Simply put;
1. HAW told you blokes yesterday they don't want to spend a single cent on Bevan,
2.their own GEO said the DSO for HAW was not that attractive
3. HAW still owe LCY money for phase 2 and 3
4. LCY have told us today negotiations for a buy out are continuing
5. KFC told us in November they want Bevan and needed to sort out a funding plan

So my take on the stalemate to a deal is as follows:

An extract of a conversation between Shaz and KFC below:

KFC: Sharon we want the rest of Bevan now go tell HAW we will give them $5 mill
Shaz: KFC I will forward the offer but they will refuse given I managed to steal 60% for peanuts already
KFC: How did you go with the offer
Shaz: No luck KFC they want more
KFC: Ok I do not have authority to increase the offer so will go back to the board and beg for more
shaz: ok you do that

one month later and quite a few beef vindaloos later

KFC: shaz good news I have managed to raise another 1 mill go back to HAW and offer 6 mill
shaz: Do I really have to as the offer is still too small

KFC: yes yes its a very good offer they will accept

Shaz: KFC HAW said no they want more

like sands in the hour glass and quite a few more months of haggling on price...............

KFC: ok shaz our last and final offer 20 mill, 1 year supply of vindaloo and naan and if they say no then we will take our bat and ball home and won't play

Shaz: (after complete exhaustion and frustration) says: KFC I think we could have a deal...LOL