I followed the debate between July 31st and after the special shareholder meeting being the date for the permit. After reading everything again here is MHO.

The documents needed for the vote should be completed by July 31st. I'm not sure what the exact time frame is for disclosure before the vote but I would assume it is 30 days. This allows enough time to get everything mailed out to share holders similar to the AGM.

If we use the end of July as the deadline then the vote will probably be end of August. I don't believe we need the permit by the end of July. I believe the end of July is when CRRC and KRY want to have all frame work of the deal done. This may even include the letters from the CVG and VZ government but not the permit.

Once the vote is done and the agreement between CRRC and Kry complete then the permit will be issued to either the new JV or split between CRRC and Kry. This should be the last step before the closing.

Kry said the closing would be in the 3rd quarter. With the vote being the end of August and September being the last month of the 3rd quarter it appears to me that the permit will be given in early September. This would also be just before the VZ elections and Hugo will milk it for all it's worth. It will also be sold to the public as a Chinese company just like Rusoro is sold as a Russian company.

We will get PR releases as milestones are reached during the process such as dealing with the note holders and the letters from CVG and the VZ government. Each PR should move us close to the finish line.

So basically what I'm saying is that we have about 3 months before the deal is complete. Given what Kry has said in the past about starting right after they announce the permit, there will be construction starting late this year. This should make early 2013 as the start pouring gold.