Baata was having a meeting with the Chinese last Mon. I've still...

Baata was having a meeting with the Chinese last Mon. I've still not been able to make contact to find out the outcome. Mobile is off, or ringing out and I'm unsure where in the world he is/ correct timezone - so reticent to keep calling.

All I know is last I spoke he was confident this would get back trading and also mentioned they need to commence some activity this year to satisfy the Mongolian govt.

We will wait and see...but one thing has never changed, we hold very valuable land - so all the fear mongering that this is going under ignores that. Either the chinese buy this out at a premium, or we raise finance (v likely at a premium) and reduce Chinese control below 50% so our hands are untied.

Either way I see it - we will be getting a premium, just a matter of when and how much.