RE: Well done LTH's24 Jul 2023 10:02
The LOI has been RNS'd probably to give Art a bit of respite from being mailed about is the JV still on the table?
As others have said, it's nice to have written confirmation that they are an active discussions, but this is NOT new news. When I read it this morning I was happy that this should hopefully see a blue finish.. but it's definitely not anything to be getting overly optimistic over.
JV discussions on-going, but have been for the best part of a year it seems. COPL are happy they have chosen who they believe to be the best JV partner from those who have shown an interest, I'd have liked to have seen some kind of compensation payment from the prospective JV partner in exchange for locking in this period of exclusivity, but that may well just be me being overly optimistic, but I would certainly have pushed for it if there were indeed a number of credible suitors lining up.
JV discussions on-going as has long been the case, this is just a black and white record stating it. No more no less.. but should calm down those who were panicking it was dead in the water.