Hi all, yes very anxious here as well. All we can do is hope RC does it again. He has skin,integrity, proven history.
The lawyers dont sign off prematurely they are paid to be anal.from person experience here from my yrs in Singapore living with a contract lawyer. the broad frame of the contract is thrashed out proceded by volleys 1000's of emails to thrash out the more specific details. It goes back and forth until they all agree. It takes weeks and weeks. We use Freehills. Often there is a signing date set by the banks lawyers to release funds.Yes the banks have an important seat at the table here for their lending and , yep more lawyers.
From observation the lawyers work unhealthy hours (international clock) and are often so frazzled they develop mental health and sleep issues (stress towards a signing date) eye sight (screentime) , posture issues. On a real big deal there can be teams of lawyers. Most of them are very courteous in these mails but are continuously pissed off as well with each other as they are representing counterparty to the contract and can be obstinate about small detail.
Im no legal eagle ( just an observer) but put this out there to help some of you to relax a little. I hope you can see there are dozens of people from various continents, currency, language etc etc.
A small hiccup can mean a back track to alter the source document etc etc they sort of "build" the contract.
It seems like an out dated way of doing things but thats what we are in.
Thats why RC (imo) Is quite " brave" to give us a rough time line. Much of it is out of his hands.
Just a note on currencies and inflation. Its a twin edged sword.
The Lira has fallen which makes it a more attactive manufacturing, country of origin for exported
solar products. Look at CSL as our currency fell against the $US.
Waiting , waiting Tunderbird 2 is being fuelled.
GSL Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held