a miner with the midas touch., page-42

Further update on Court proceedings:

(source is Commonwealth Courts Portal www.comcourts.gov.au or https://www.comcourts.gov.au/file/Federal/P/NSD1784/2010/actions)

The orders confirm that BMG is to be wound up and PPB Advisory appointed liquidators.

The cross claim by Hillam etc against Ample Source is dismissed.

The catch is that the appointment of liquidators is stayed (effectively put on hold) on 19 March 2012 to all Hillam etc an opportunity to file an appeal by 9 March 2012.

Therefore, I think that we may see another announcement from CAP deferring whatever it is that they are going to tell us. At least if the BMG mess is not sorted out by 22? May 2012 another party (including Ample Source) can buy BMG's interest direct.

Well done to Nick and the boys for putting a one year cap on BMG to make a decision and the buy out option so we don't get caught up for too long in some one else's dispute.