Ann: Quarterly Activities Report, page-31

All the talk from the company lately has been Chinacentric.

The completion of transition of the Hanlong shares to state ownership is I believe a key step.

The fact that they have started suggesting a BOOT of the rail and port by China is telling. Looks like Mota Engel have been given the flick and China have told the Cameroonian government either you let us do it our way or forget about it. IMO this also explains why there has been no mention by the company about permit extensions in today's update. My gut feel is that this is where key negotiations are playing out.

I still think ultimately China wants this to happen and ultimately this will be good for shareholders.