It appears as though we should expect an update around the 23rd...

It appears as though we should expect an update around the 23rd of August about the pathway M8 Holdings Pty Ltd will take moving forward. It is good to see that our largest shareholder will completely payout all of our creditors. Looks like our major shareholder realizes a bidding frenzy would be created if Gin Gin was put up for sale in the liquidation of M8S assets. What seems like years ago the expert value of Gin Gin when operational was north of $30m. Todays value coupled with the new Hertiage Act should see that double. I am looking forward to the opening of Gin Gin which is assured now by our largest shareholder. Hopefully we can thank Saithsiri Saksitthisereekul for his outstanding effort when Gin Gin finally opens.