the rumour mill

Its funny that after a week of being suspended there is still no rumours floating about as to the content of discussions.

Normally someone would know something and the rumour would be floating around financial and media circles, but at the moment no one is even suggesting whats on the table.

Palmer has obviously bought something to the table after his flying visit to Perth last week, which is now being relayed to Shougang in an attempt to convince Shougangs invetment.

Could there be extra tonnage,a promise to buy out into Palmers shell company at a later date,Palmer partially funding the project ? Anythings possible.

At the end of the day 3 billion is alot of money, and it even takes the likes of Woodside, Cheveron and associated parties along time to commit/decide about spending that sort of $'s for a Oil/Gas project.

If we have to wait a bit longer for the Dotted I's and crossed T's then so be it.

This thing will be on the front of every financial paper if they pull it off, but will still be pending environmental and Government sign off.

We will know soon enough.