What a farce., page-98

There are only two possibilities for the suspension continuing so long after the "forty eight hours".

Number one, the numbers don't stack up and any potential investor realises this. Anybody coming to the company afresh can see the track record of failed timelines (production starting every year from 2009 onwards) and hopelessly inaccurate costs of project (initially $200m {1/3/11 ann., and several others} for the whole Rocklands project; cost at 31/12/14 per the half yearly at a tad over $500m with tank farm, electricals, water reservoirs, valves etc and commissioning costs to go. It will take just one competent DD accountant half a day to work that part out. Probably on the plane flight over. And if those numbers never stacked up, then the production costings are probably not worth the paper they are written on either.

End of story.

Number two, there are interested parties, but they aren't prepared to accept the price that WM or whoever is in charge wants. For the risks involved they might want a significant chunk of the company and only want to pay 40c, for example. This would obviously rub off on Oceanwide who don't seem to be under any firm obligation to buy at $1.25 - they have backed out of a similar MOU before. But WM doesn't hold the reins anymore, he is at the mercy of what anyone will pay, so in the end he will have to capitulate.

In which case, the saga will continue.