Finance Update, page-38

Powderfingers, I posted this recap last week -- there's really been less than a month since the last update and lots in progress:

At the AGM PB advised that:

1. "additional binding off-takes will be forthcoming shortly"
2. "Gunvor... we're very close to concluding negotiations" for Pig-Iron
3. "in discussion with some major groups for Pigment"
4. "waiting on a proposal from SMS Siemag" to build/finance the refinery
5. In negotiations with a tier 1 group about the overall development, construction and operation of the mine and refinery... "I was hoping we'd have an announcement prior to the AGM but these things do take longer than you think sometimes"
6. "Hope to appoint a financial advisor in the near term."
7. The Acting Chairman resigned, and the reason given was that he needed to focus on other activities -- sure enough, 88Energy has had a string of TH and announcements in the ensuing month. It checks out: http://88energy.com/investor-centre/announcements/

The Xmas break and SP drop has made it feel like months since the AGM, but in terms of working days, there's probably not a huge amount of progress since the AGM.

KK