Ann: LoI signed with Chinese Mining Company , page-2

What a tradegy!!

Another one gone to Chinese ownership in our premier gold mining centre.

"Details to remain confidential"

That will mean at least 51% to Western Mining Group in exchange for putting in several million dollars of capital.

One day we will wake up that we own very little ourselves.

Why the Oz Government does not introduce serious tax concessions to Aussie investors to keep our mining going through this tough period is beyond me.

Lockitt