Ann: Hemerdon Tungsten & Tin Project - Settlement, page-6

However, on the 20th Apr the statement claimed that GNG maintain insurance to cover issues a la Hemerdon so that missing div should be in the pipeline. I note that the executive did not lose out by still claiming their Performance rights and Share Appreciation rights - it's just the dumb pleb shareholders who cop the smack in the head. The WA issue re Eastern Goldfields was sent to mediation 3 months ago on 24th Jan with no resolution so far so one presumes there is no urgency on this matter either. The standard defence by lawyers is to deny and delay hoping the issue will evaporate. The shareholders of GNG remain in the dark so far as information on these two matters. We only ever hear about the latest contract win. I'm not aware of any earnings update in the wind before the half year results in July. We can criticise the yanks for all manner of things but they do reports earnings every quarter and so way past time all AUS companies (quite a number do already) were forced to comply in a similar fashion. But then as per the banking royal commssn we know that ASIC and APRA couldn't give a stuff.