ASQ 0.00% 2.7¢ australian silica quartz group ltd

what happened to mou s signed november 2008, page-4

  1. 225 Posts.
    Remember that an MOU is a non-binding agreement and is basically a show of good faith only.

    having said this I would expect that the 80/20 rule applies here

    ie 80% of the terms were agreed on within the first meeting and the 20% left (small details) are the ones that are dragging this thing out a little bit.

    Mining by Feb was always a best case scenario as far as I was concerned and probably a little ambitious given the various holdups that inevitably occur in such a complex process.

    The Company ticks all the boxes as far as I can see and as such I have loaded the truck and filled the boots ;)

    1 - Strong Management
    2 - Simple, transparent project close to established and ACCESSIBLE infrastructure
    3 - low capital costs
    4 - cash at bank

 
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