Turner Bayou

Operationally things look great but the sale of Turner Bayou has not been closed and the debt has not been retired.

In the June Quarterly this closure was anticipated by the end of July - just a few days`from the ann. I e-mailed JP about a fortnight later asking whether closure had taken place and he replied in general to the effect that things were going well. We now learn that closure will take place 'in due course'.

Does the Company have a legally-binding agreement for the sale of TB and if so why hasn`t it been enforced? The Company would be a much riskier proposition without one. A highly price-sensitive issue that wants clarification.