While GCN holders bustle around looking for their P1 share...

While GCN holders bustle around looking for their P1 share statement, it is worth asking what has happened with GCN shareholders' entitlements to First Mongolian? Some GCN shareholders topped up to 250,000 GCN shares in order to qualify.

We were told on 29th March that "Sino Investment Services Pty Ltd ("SIS") advises that it has received a formal exclusive mandate to act as Lead Manager for the proposed listing of First Mongolian on the ASX."

Encouragingly, on 25 June GCN announced: "Qualified GCN shareholders will be advised of their First Mongolian Entitlement Share holdings by mail in the coming weeks."

So has this happened yet?

Yes, I know we are still 'in the coming weeks' (and could be in the coming weeks for ever and ever, amen). But to any reasonable person that phrase surely means that SIS will have got off its backside well before the end of 2012.

My question is whether eligible GCN shareholders hold in their hands any scrap of paper that certifies their First Mongolian entitlement? Maybe they do, and I missed it in the HC discussion.

BTW, I see in the last half yearly that First Mongolian "is currently restructuring its asset portfolio before a decision is made as to proceeding to a public listing on the ASX."

Are the words 'before a decision is made' the first time GCN has expressed doubt about First Mongolian's intention to list? There were no such cold feet back in the first half of 2012 - e.g. announcement of 19th March.