joint venture alert., page-19

I still back Kens plan of flogging TZ.

TZ hasn't panned out as expected and given upcoming spend requirements there and in the UK/Italy, it is the only way of avoiding a HUGE dilution in the coming year.

The government and now seemingly ALL the partners are problematic, so you can just see it will probably just end up in court in a dispute eventually anyway.

This is a sign to me that the directors are trying to protect the capital already sunk into the company by current shareholders. If we get over $6m for it and take all the 'admin' costs over the last 3 years into consideration, then we will probably break even at least.

Still not sure about this potential new acquisition and possible dilutive effect/capital requirement.
I cant see why another project is required given upcoming capital requirements.

It would only make sense to me if it also brings in a reputable Italian or UK partner onto the register, into operational support for the respective area and doesn't require more funding.