Ann: Quarterly Activities Report and Appendix 5B, page-16

I think the resolution (firm direction and and known consequences) of the Govt regulations will have a greater impact on the share price than the JV being signed. The JV will happen, its just a formality. What i find amazing is the whole mining industry in TZ must be slowing under this uncertainty and that has to be of concern to the govt. They have to be aware of the long term effect of their indecision to foreign investment.

The Chinese must have a time restraint also if they are hoping to prop the lost local output.- They will be paying a premium price if they are sourcing elsewhere compared to making their own, and they can only wait so long.

I hope TZ get their act together soon. I think pens are poised ready to make this happen.