I think you are probably right about the finance Gustie at this...

I think you are probably right about the finance Gustie at this stage. Nevertheless it would be reassuring for long term shareholders if they were informed of the measures that were being undertaken to address this problem. We have had statements in the past about Hanlongs aspirations for Molymines. Are they still keen?
Is the company expecting to resolve these issues by May 2012 or are they negotiating to extend the deadlines etc.
There was also talk of securing further iron ore tenements in the Spinifex Ridge region. Is this still being pursued? Are there on-going negotiations regarding the loading and storage facilities at the port?
These are all matters that the shareholders would like to have clarified.
I understand that Hanlong bought shares at around 85 cents so it is clearly in there interest the give the company some positive momentum.
Molymines badly needs some positive news to stir it along. I hope it is forthcoming before too long.

cheers,

CS