MA saying "it should be possible to issue shares in SpinCoy by...

MA saying "it should be possible to issue shares in SpinCoy by the end of the year" subject to

• Chinese Govt approvals
• doesn't expect any of the CPs to be a problem but take time
• transfer of Goulamina license to new company
• Lawyers taking longer than preferred
• currently recruiting for the management team to be located witin the FFX office
• value engineering has commenced with GangFeng

Time line coming in the "very near term".
MA still confident of MCap of $1B for each company