JJ....So this critically vital information is all hush hush....not for nosey shareholders of the minority partner who could (arguably) be expected to vote on the deal without the benefit of any of these crucial details? Fung saying "we expect" the permit...rather than saying "we will HAVE the permit" by such and such a date are two different things. No? Are you down and jiggy with voting on this deal in August (presuming we make that deadline and everything goes according to plan) not having any Gazetta disclosure or public affirmation from Fung regarding the details of the gold sale law, exchange rate terms and permit?

I'm simply playing devils advocate here. I understand full well that beggers can't be choosers and we will vote 'yes' with or without this information. My point is if these details have been worked out....then give public disclosure to the KRY shareholders before the vote.

I understand what your saying GW but there is a difference between the announcement of the A&F Agreement be delayed and saying the reason may be the gold sale law. I'm saying China will already have discussed the gold sale law before they entered into the binding primary agreement with Kry.

Fung has made a point of telling us that we get the same as CRRC/CREC gets. Like many of the Q&A from the AGM he has answered the question we have been asking. They have said many times they didn't see the gold sale law as a problem. What they really need is an export license which will allow them and CRRC/CREC bypass selling in VZ. China is not in this to lose money so IMHO this has been dealt with.

As far as notifying shareholders this may happen but not before a deal is complete. This would also have to be approved by CRRC/CREC before it can be released to the public. I don't think it would be in the best interest of KRY and CRRC/CREC to make any comment on the gold sale law while other like RML are trying to make their own deal. The best solution is for the new JV subco to be allowed to sell the gold in China with an export license so we get our fair share.

To answer your question about voting when the deal is presented my vote will be yes. It has been made clear that for political reasons Kry will not be getting the permit on its own. The only way the permit is granted is if we do a deal with China or Russia and Russia is not in our best interest.

The vote is a foregone conclusion especially with the extra 70 million shares. I would love to hear a good reason to vote no to the deal as outlined in the binding primary agreement. The most important thing to remember is that any vote to proceed with this deal is contingent on CRRC/CREC fulfilling their part which includes bringing the permit.

No permit no deal!!!