Everything looks so cut and dry from our perspective but we do not know the intricacies of the deal being worked on as we speculate. For all we know a deal could have been agreed to already and only the legal paperwork needs to be done. If that is the case would you allow for an extension of time to complete this Jay?

We don't. Give me a hypothetical where a "fake backin" for 75% now and then buyout later on isn't better?

The analogy is similar to you selling your house. You get an offer from somebody and its acceptable to you. The buyer even puts down a deposit to show he is interested. The only caveat is he wants the closing date on the transaction 2 months later whereas you want it sooner. Are you going to tell the buyer to get lost because the closing date is one or two months later than you want?

Except you already had a deal with the same buyer to renovate the house and the deposit would be more analagous to a taste of the candy with the backin.

All I am saying is that their must have been a sufficient level of confidence in a done deal for ES and EE to allow this delay. I don't think they would of otherwise. IMHO, I believe a deal is very close or could even be completed by now and all that is left is tying up lose ends ( legal work ) before it can be announced. I don't believe this will drag on much longer.

I agree that they are looking out for themselves as well but they have really let us down in the past. Doesn't mean they will in the future, but it (in my eyes) looks like they might do so again.

Vette has mentioned this before, and it's possible that this is a blessing in disguise as the mining sector is completely garbage right now. If we had a buyout earlier, we likely would be much redder with other purchases - however, if we get something now and the market turnsaround we can get a much higher overall return. We just need to get the inital payout before the market turns...