RE: The wording of August 31 press releases sugges Obviously we have all been making assumptions on what has been explicitly stated by WOF and what every one can inferred from their continuous reference to IMC in describing the project..
WOF has stated a number of times that there are two parts to time given to IMC.. First half to do DD and second half to negotiate the financial aspects of the project.. Well, DD time given and extended couple of times is well past and WOF did not release anything negative so we are assuming they are talking dollar and cents and nitty gritty details.. Chances of DD failure was low because this is a past producing mine of note so we are probably safe in assuming that.. So now we have to see if the original terms of the deal stands or are being modified and how is the pie going to be curve out in terms of IMC equity, loan to WOF from IMC as well as Banks etc. WOF needed the $5m to keep everything going since they don't have any other source for funds until the deal is finalized
So my take is as soon as WOF has a legally binding contract, they will release it since there is no percentage for any one to sit on it.. Don't forget, whole bunch of overdue local activities have to be executed promptly to start the ball rolling and locals are more anxious about this project for the economic activity it will generate..
That is my simple take as far as bottomline here goes.. News will not be delayed once WOF has a legally binding document.. Enough name dropping has already been done so now there is no % in keep doing the same thing without something 'definite and binding'