Letter of intent means a bit more than nothing, all it is is talk and some agreements about talking for the most part.
It is better than no talk so it is a positive step but getting the deal signed and closed is all that matters, talk is cheap.
I sure hope a letter of intent was done a long time ago last year or we are going to be waiting a long time from now, negotiations are not easy or quick (lawyers) and I hope we do not get as fleeced as we did with Dweck and other finance.
I know it is what it is and it is better than where we are but it would be a shame just the same to give the diamonds away.
If there is no deal of some sort or even an LOI we are done like dinner so speculating that there is can't be a stretch, it is our only hope.