Ann: IMD Gold Transaction Update-IND.AX, page-7

The history is quite interesting.
I was a little concerned with the Battler and British Hill Leases initially being lowball until you look into the background as you have pointed out. They were regarded as insignificant because BOK had their eyes planted elsewhere upon the merging with PolyMetals. They became focussed on NSW which became priorities and when things got tight Battler and British Hill were an easy solution to gain some cash.

Also of note, a couple of names dropped away from Southern Cross at this time only to re emerge with IMD a year or so ago with some other well credentialed persons to pursue the gold opportunities in this area.

I was hoping IND was going to be able to land a project within six months but when you analyse the background that they have been dealing with in regards to BOK and the Liquidators and the agreement between BOK and IMD you can understand the delay. Just hope they can land it.