quarterly actrivities report ..., page-3

I haven't had a chance to digest it fully, but from what I read, I think most of it is positive. I have included some of the highlights below.

"Draft Terms have been issued to selected parties, but negotiations remain complete".

"The company also recieved proposals from a number of international banks for arranging finance in collaboration with THE SELECTED STRATEGIC PARTNER"

"Work Will continue to focus on negotiations with these parties in the September quarter and the company remains confident of successfully concluding arrangements for the introduction of prospective strategic partners/investors to the project"

"In July, the company established a representative office in Brazzaville, the capital of the Republic of Congo"

"Drilling to recommence targeting prospective high grade hematite - new diamond drill rig to be purchased by Sundance"