I think people who think its taken too long probably dont understand the process. I think there is always expectations that things will get done super quickly because people get excited and buy the stock. If things drag on a little they blame the management and dump the stock. The Chinese authorities have merged a couple of departments and that would go someway towards explaining the delay. Every day moves us closer imo. The de-risk and cred that will provide WHA should not be underestimated.
Many processes in govt departments dont always have a time frame. At best, they tend to be indicative. Ive been in companies that took one year longer because the plodders in govt don't work at commercial speeds. Many dont want to make a decision or they are corrupt in some cases. Never seen something pop before time. A lot of approvals have time frames within the Australian govt system but even that can take years with the meddling of dodgy political parties determined to slow down approvals for mines etc. It now can take up to 7-10 years to get a mine approved from discovery. That is disgraceful, but welcome to the asylum.
I think WHA will announce its CFDA and then we can feel reasonably happy and move forward. Time will tell. dyor
WHA Price at posting:
$1.03 Sentiment: Buy Disclosure: Held