new base, page-23

Hi PubLunchMan..........



....."With both the valuation report and JV agreement overdue "........


Why do you think the JV agreement is overdue??

From May 8...

"The entire transaction, including execution of a joint venture agreement by Elephant
Gold and Sai Constructiions, will be completed within six months, or other time which
may be agreed."


I understand that means they have til mid Nov before it could be considered overdue.
And even after then it may not be considered overdue based on

"or other time which may be agreed."


And from June 18 update:-


"The visit will be conducted over the coming week, and the report finalised in early July"



This was discussed a week or so ago,but where does it say that the report would actually be released early July?



I'm as guilty as anyone for being overly optimistic and have been burned by my impatience and selling stocks too soon.Gotta be patient with this one!


I absolutely agree that CFR need to put out a well prepared report.Clear,concise and not confusing is what is needed!


Cheers all!