Ann: Appendix 3Y , page-19

stja
$1 million for BMG is nothing, because BMG made a deal before government super tax, so BMG can make a loss and don't want to make further deal. Such as JRV before, chinese deposit $1 million and at last they don't make any deal with JRV. $1 million loss is much better than they put more money in projects.
previous company's announcement, it said company made a deal with BMG, but quarter report said negotiation is finalised. that means It is not deal yet.
even if BMG go into stage one, put $5 m plus another $8 million, it will take another 2 years. not immediately, please read announcement carefully.
We will see the result at last. we don't need to give directors' any excuse. you will see directors will convert another option at 15 and sell on the market.