rio tinto mou over hillalong

I called AQC and asked the question in regards to the Rio Tinto MOU that was signed in early July.

The response is that the company shall update the market on the situation in the near future.

I pushed to see if the MOU is becoming binding or has Rio Tinto walked away...all I was told is to wait for the announcement.

I questioned to why the original timing of 4 weeks was missed, answer was there was some points of due diligence that Rio had to work on.

The tone was positive so I am leaning 75/25 that the deal will be binding.

Only thing I could not guess is the usage of "near future" hich could mean within 2 weeks or within 2 months or up to 6 months.

Any other thoughts on this?