ACT leader David Seymour says it's a blessing to be outside the coalition talks with Winston Peters.

The New Zealand First leader says progress is being made, and he's sticking to his Thursday deadline to form a new government.

But Mr Seymour is labelling Mr Peters a charismatic crook, and thinks the upcoming Parliamentary term will be a train wreck.

He says [told Mike Hosking] he's not Kim Jong-un - so he can't win every election...but he is ready for a Winston collapse.

"People are going to be pretty pleased that ACT option still available on the ballot paper because we've actually shown been a reliable partner in government that does good things without being too up ourselves."

Seymour said he's can't win every election as he's not Kim Jong-Un.

LISTEN ABOVE AS DAVID SEYMOUR SPOKE TO MIKE HOSKING