STOCK EXCHANGE ANNOUNCEMENTKAOLIN SALES UPDATEFurther to our ASX...

STOCK EXCHANGE ANNOUNCEMENT
KAOLIN SALES UPDATE
Further to our ASX Announcement of 18 April 2007 we have since this date concluded 9 new supply agreements in our target market of medium sized good margin users which will bring initial sales revenues of $2.3 million in the first year and strong growth anticipated thereafter on these accounts.
Since April, we have also concluded agreements with a number of additional smaller customers who typically use less than 100 tonnes per year but buy at premium margins. We are in continued negotiations with some potential larger volume users where test results have already been approved in recent months. Further updates will be advised once these supply agreements are formally concluded.
The Company is pleased that in recent months the pace of new sales in our preferred target markets has quickened following a period of about 9 months in the testing phase with these larger companies. The sales team is currently very much focussed on these larger users having previously established a good customer base and satisfactory track record with smaller companies.
C V Alexander
Managing Director


It appears as though MSC has finally managed to generate material sales revenue!!!!!!!!

I must say that I am very surprised that Vic & Co have been able to do this after all the delays and promises over the years.

Have they finally turned a corner?