Ann: Gulf Capital Raising Update, page-148

Got a call back from the man himself, Hamish! I don't want to get everyone's hopes up however it does appear that good news is on its way. SI's have completed the site visits and have been very happy with what they have seen. As the ANN has not been made he could not go into too much detail. I told him I had my fingers crossed and he said there was no need to cross them as he was very confident.
That said, he did mention there is a bit of red tape to overcome with the ASX. I am not au fait with ASX rules however he mentioned something about 7.1 expiring on the 14/02/17? If someone could please explain this that would be great. In the meantime I will google it myself.