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

I’m sure the DRC gov wants to know the ownership structure prior to awarding the ML the DRC would see arbitration as an issue that needs to be resolved. Nigel said in an interview that the DRC could hold up to 15% and if Zinjin say they have 15% that only leaves 10% for the DRC and they might not be happy with that. AVZ were always going to try and do a deal for the remaining 25% with the DRC. Once the deal had been sorted the ML would be awarded now that 25% is in dispute it’s holding things up. AVZ met all conditions to receive the ML I can’t see why there would be anything else. Why wouldn’t the CATH deal be done and dusted it’s all coming down to ownership