Ann: Quarterly Activities Report, page-4

 I disagree, first Italy is still game on, so very much a positive

Secondly, there was no mention at all, of us looking to find a farm in partner which is always noted on the last few quarterlies or finals etc, ie. "Although no farminee has been identified to date, the company continues to seek potential farm-in partners"https://hotcopper.com.au/threads/agm-presentation.4556799/

"Although no farminee has been identified to date, the Company will continue to seek potential farm-in partners."
https://hotcopper.com.au/threads/quarterly-cashflow-report.4509763/

"It is believed that potential farminees have decided to await the results of the drilling being carried out in Q3 and Q4 2018 by operators nearby." https://hotcopper.com.au/threads/annual-report-to-shareholders.4457360/

There is earlier mentions as well, but you get the jist

Sometimes it is whats not said that is important, no mention of a farm out deal is significant imo

The company said "A firm and contingent work programme was submitted to the Namibian Ministry of Mines and Energy (MME) during December 2018 and the Company expects a response from the MME regarding the work programmes shortly" and " Negotiation of the work programme for Phase 3 is currently underway"

Obviously if a deal is in the pipe this is a major step that needs to be completed

If we did not have a deal in the back ground what work commitments could we agree in our current position otherwise and why would the Namibian Ministry bother to give us another licence if we were not keeping step with the current licence

This is a very positive report and it seems we expect to hear from the Ministry shortly (soon) which may imo be followed by a deal. Could be a clean take out or a farm in 

Time will tell ;-)