Peter,Within the legislation is two clauses.The first clause,...

Peter,

Within the legislation is two clauses.

The first clause, The title holder needs to be able to finance the works on the permit.

There are 4 companies involved.

Advent, mec, bph and buy.

Up until the last month, mec was not able to fund, nor could buy pre there cr.

It is possible the JA are in communication on finance, for the delay.

If they are, the companies do not need to disclose this, as it is commercial in Confidence.

Maybe points to why all 4, have sort funds.

Second clause, is skill, the companies need to show they have the technical knowhow to carry out the works.

I know gold as ran my own mines.

On gas I do not know costings. What would the cost be to explore seablue-1, Inc capping?

I just look at the financial rider in the legislation, and all 4 have raised money.

Mec has been a basket case for years, and even they decided to raise. Why?

If we know the answer, we may conclude it maybe to appease the legislation financial clause in the act.