year of the rabbit

The Chinese Spring Festival (subject to the lunation) has 3 days public holidays from Feb 2 - 8 ... so reasonably, Cougar's discussions with the Chinese Limitedless Group is unlikely to begin until this week imo.

One assumes based on due diligence they invested the original $1mill and are due to invest again anytime now if the deal is to proceed.

One also assumes Cougar will make all submissions to DERM and associated correspondance to/from DERM available to the Chinese for more due diligence.

From the Chinese perspective, if they are satisfied with Cougar's technicals, the Qld Govt has just handed them pretty much Cougar's undivided attention to advance UCG in China.

If Kingaroy was still a goer, the Chinese would only have Cougar's divided attention.

Potentially, some good fortune has already Limitedless's way at the start of the year of the rabbit.

The Chinese could show their support and protect their investment by stumping up the next tranch of funds at favourable terms.

If they want to exert pressure and exact opportunistic value for themselves, everyone including the Chinese will end up with Chinese burns imo.

The Chinese should imo see an incredible opportunity here.

Dex