But on who’s terms? It’s bad business to try and negotiate a JV...

But on who’s terms? It’s bad business to try and negotiate a JV when everyone knows you need it for your business to progress. Like you said, they’d never raise the amount to fund an all out program:
As for the delays, yeah it’s a tricky climate to get approvals but years is a stretch, especially when you repeat the same message over and over justifying a cap raise to finance ‘some’ drilling but it never happens and you’re out of funds again..
This land no doubt has potential, it’s just a shame management have underperformed and misused funds with next to no capital discipline.

GC even sits on the COALAR for Latin America relations so you think he would no how business is done over there but he can’t even get approvals or concessions after years!!
If this next Cap raise is under 1c- I’d be running for the hills.