The last announcement by EEGC I can find was in July 2013. The fact that Mal has been mute since then and (somewhat incredibly) silent about the loss of the exploration licence in August which was the Company's prime activity should be a disaster warning signal for even the most optimistically blinkered shareholders.
I mean to say, Mal couldn't even come up with something like "Bad luck about the exploration licence chaps (we wuz robbed), but we are still well in the running to extract $3 billion from Smart Win in what is a lay down misere for us".