Hi all,

Just received the latest info from my agent for GNG!!

Apparently the final licence and payments for land etc due were achieved last week and they are expecting GS to issue investors with formal info on the situation etc in the next week!!

Copies of the licences and land ownership etc are to be forwarded to agents to ensure that the investors get copies of these along with the contracts etc!!

They are expecting contracts to be issued mid may time also!!

They have stipulated that GNG is so far only the 3rd golf/large project in brazil to date to gain FULL LICENCES AND BUILDING PERMITS!!

They explained that the hold up was primarily due to the ENVIRONMENTAL LICENCE being granted as they had lots of hurdles to overcome as to ensure minimal environmental impact is achieved as much as possible on this project!!

DO NOT TAKE THIS FOR GOSPEL AS IM ONLY REPEATING WHAT I HAVE BEEN TOLD TODAY VIA E-MAIL!!

Take care-D