Recent announcement said a JV deal is still on the cards but...

Recent announcement said a JV deal is still on the cards but only sometime in the next few months. Nothing really happening until then. I think the Share Purchase Plan will be a bit of a fizzer with not too many people willing to pay up when you can buy on market for the same or less price. Any tightening of credit in China may have implications for FWL as well as a range of other companies looking for outside finance to progress their projects. Its a case of stick these away for a little while, and see what eventuates later this year.