homey... it is a weighing up of probabilities and likely share...

homey... it is a weighing up of probabilities and likely share price impact of those outcomes for me... like any investment.

you ask 'who thinks a JV is going to proceed whilst the state government has halted the demo project?'

well the JV we are referring to is the one with the Chinese company Limitedless International (http://www.businessspectator.com.au/bs.nsf/Article/Cougar-Limitedless-plan-China-joint-venture-9T3RK?OpenDocument) which was agreed on 1 October 2010, which I might add is more than 4 months after the 'state government halted the demo project'!

And this wasn't just some meaningless MOU that was signed either, it involved Limitedless investing $1m into Cougar then with the agreement that they would also invest a further $1m when the deal is finally signed off by 31st January 2011. As this price for this further share issue has already been agreed as 3.7c per share they certainly have some incentive to meet this deadline so they can get in below market price.

So 'who thinks a JV is going to proceed'.. well I do... i don't know for sure of course but i would say there is a high probability of it. So your answer is 'me'! ;-)

As for the DERM.. that to me is a harder one to call... but obviously i think and hope it is going to be a positive decision as otherwise i wouldn't be a holder.

Good luck Cougar holders!