“The July 31, 2010 closing date has been extended to September 30, 2010, and may be terminated earlier at the discretion of Falcon Australia.”

Interim Consolidated Financial Statements

That closing date came and went yesterday, however, knowing Falcon’s track record, the results will not be known for awhile. They’re must be too busy counting the money, just look how long it took to count the first $5,484,000 ;)

Actually, I’m hoping they haven’t raised a red cent more. You see, I don’t want further dilution to Falcon’s interest in Falcon Australia Pty Ltd. As it stands, the $5,484,000 raised in the first tranches have already reduced Falcon’s original 75% interest by 2% to 73%.

As I said at an earlier time, I would prefer a major energy company as a JV partner with deep pockets to step up to the plate.