Ann: Quarterly Activities Report, page-2

Announcement still is positive.
"Minor amendments"
Still has $2.5m cash.

•   Agreement to acquire Golden Horde Limited (GOH) for 79 million Elixir shares remains current subject to award of a Production Sharing Contract (PSC) in Mongolia
  
  
•   Elixir and GOH management travelled to Mongolia in mid-May visiting the PSC area and attending various meetings to assess the progress of the approval process
  
  
•   Administrative queries on Elixir’s technical and financial capabilities addressed and minor amendments to the commercial terms of the PSC agreed
  
  
•   Naadam festival holiday period in Mongolia has further stalled the government approval process
  
  
•   Elixir and GOH recently commenced negotiations on a re-structure of the proposed acquisition of GOH by Elixir given longer than expected delays in the PSC approval
  
  
•   Additional new venture opportunities outside Mongolia being progressed by Elixir
  
  
•   Continued stringent management of expenditures with cash of approximately $2.5 million and no debt as at 30 June 2018