Still don't understand the deal regarding Apollo becoming major at a very let say - reduced premium. Nothing ever has been advised on such - just another under the table who knows who deal from China. I mean Apollo has nothing in regarding to mining interests, background or knowledge.
Anyway - they are a secretive lot and we will be the last to know of whatever is happening.
Hard to believe a drilling program has not commenced at the graphite tenements given the China increased it's imports of Graphite substantially in the past 12 months. They did say decision would be made given encouraging exploration at next meeting but it never was - never mentioned. Wasting time when they could be drilling and confirming or not a resource.
They have had considerable time to continue negotiations with the new Malawian government however as you point out no progress advised.
If they continue sucking up their monthly salaries with continued no progress but kicking a few rocks around with rock chip sampling they will continue to erode away, dwindle away what was a good cash position.
Heart goes out to the Malawians and Mozambique people devastated by monsoonal floods.
GBE Price at posting:
3.0¢ Sentiment: Hold Disclosure: Held
