Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-15

Right now this is a less than 1 delta call option because (a) the French government will not be rushed and any positive outcome would have been announced by now.

However, more importantly is (b) the Cebu Service Contract....this is the asset that they do not have and hence why the ASX is giving them a delisting deadline of Sept 1. If GGX have not said anything new (so far) then how are they going to get the Philippines DOE to get it sorted in less than 30 days? I have dealt with the Phils DOE and know how fast they work. Applying for an SC and getting it approved takes more than a year (sometimes more than two). Why would GGX be different?

Lottery ticket this is.