Hi Carmat,
Commercially, they would be very keen to get something signed off if the terms were seen to be good enough.
And if something was signed, they would be obligated to disclose to the ASX.
That it has taken so long suggests the process has not gone easily, one way or the other. Maybe they didn't get an offer good enough?
Or maybe it has been complex going as Cascada overlies the porphyry target, and Cascada is being excluded from the JV....?
The quarterly will make interesting reading if we have not heard by then...
Cheers
Gsouth
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