another month passed away without tangible progress
T just published the monthly bulleting confirming no board meeting had been scheduled or called up
assuming a board meeting is called, there will be a shareholder meeting thereafter
highly likely the deal will be formalised later than expected, if ever
I assume T and the chinese are well aware a smart time management would only help their side in trying renegotiating price terms
let's never forget that since deal announced, majority of listed mining/energy/commodities/refinery companies have lost 50% of their value, concurrently with (related) minerals price collapse
GXY signed the deal very smartly timewise .... unfortunately it wasn't closed
Afraid there will be material differences in final terms (that's the reason why major holders walked away in meantime)
