Agree 100% that 'BCMM' tenement processing is an issue; likely...

Agree 100% that 'BCMM' tenement processing is an issue; likely for all Madagascar players. However, with a reported A$205K left in the kitty and an operational burn for last quarter of A$269K ($540K less the annual $271K tenement fees), I think that MGY have much more serious problems than the BCMM. Wouldn't be surprised if they are on the ASX/ASIC list for solvency queries.

Clearly the current BoD have insufficient capability (or credibility) to do a CR and so by their own admission are continuing what they have been doing for the past 2-3 years - selling off assets to get cash (otherwise known as 'hawking the furniture'). BCMM is the least of this company's problems.

I also see that they still haven't given SH any info on (graphite) flake size distribution and purity for their 'drilling programme' at Maniry. Every other company who completes actual drilling on their projects reports this info ASAP - it's pretty standard (and pretty important!). Hmmm. OZ