I think we have got to the bottom of the MXP shares but what about the post balance sheet events:
"10. Post Balance Sheet Events
As per the Berong Venture Agreement dated 19 January 2005, the company has now been instructed to issue the remainder of 2,700,000 Ordinary shares at par (300,000 shares having previously been issued).
Under the Celestial Venture Agreement dated 19 January 2005, the company has now been instructed to issue the remainder of 1,300,000 Ordinary shares at par (200,000 shares having previously been issued)."
I think this is positive news - money is actually going into the JVs - all partners are geared up for action in 2006. However, is there another interpretation?