A project was given to our group by our honorable project guide, and none of us started the project, nor have informed anything about the project. After two month's hush, our guide sent us an email, and threatened to cut the deal if we didn't show any progress. We panicked and started doing the project; within three days, we completed 65% of it. One of our fellow members sent an apology email to our guide, after he allocated some time for us to meet with him from his busy schedule, stating:
Thank you very much for giving some of your valuable time to us especially after all the time we wasted.
The reply of our guide contained the following sentences, along with the confirmation of the meeting time:
And about the apology, I hope you understand that it was not my time, but yours, that you wasted so far, and I really wouldn't mind if you did actually waste my time. It's your time and project completion that is at stake. I am happy that you are taking it seriously now.
The highlighted part confuses me. Should not it be "would not have minded"? The reason behind such thinking of mine is it isn't that our guide has not minded. Our guide minded, but later we were able to pacify him. Should not the phrase be "would not have minded"?