questions for the gm

Going to make a couple of assumptions here.

First, that our upcoming GM is not going to be a 5 minute rubber stamp exercise to increase the dilution capability of management and that management will be there and be available for questions - either SG if he is there or at least CR will hopefully take the time to answer questions from holders.

Secondly, that those who have stated they are going to the GM in the other thread, such as acreage and others, might read this and if possible, after they have asked their own questions, ask some on behalf of other holders who can't get there (no problem if it is not possible)

Reckon one question for each poster and let those going decide/see if they have the chance to ask them and maybe get a response.

My question: We know that the one JV opportunity for our PB acreage that was confirmed was Terrace Energy, who pulled out during due diligence. Since then we have invested in Terrace's EFS project. What was the reason that both companies went from them investing $5m into our apparently excellent PB project, to them pulling out and GGP using almost 40% of the capital raised expressly for the PB in their EFS project instead?