re: Ann: Maiden Indicated Resource for Hawson...
I will try again not to make any comments this time.
I note in your post that you reported you spoke to Quentin recently.
I confirm that the records show that Dejin Resources Limited is not a shareholder of ASI, Silvergate or Pure Metals.
Former announcement available on the public record do however state that Wilson Cheung is the owner directly or indirectly of these companies of which two hold interest in and or with CAP.
Mr Cheung became a director of Bright (Dejin) in April 2010 and chairman in June 2011 a position that he holds today.
Mr Cheung dealing with Dejin appear to commence officially sometime in 2009. A major transaction with Bright International (Dejin) is recorded on 8 April 2009.
The 8 April 2009 announcement records that Knight Asia Investment Limited a company control by Mr Cheung sold its Chinese forestry assets to Bright (Dejin) for total consideration of HK $300,000,000. The HK Australian exchange rate at that time was around 6:1.
From 2009 onward these same forestry assets have contributed the following gross revenue to Dejin Resource.
Year Forestry Asset Gross revenue Dejin Gross Revenue
Mr Cheung announced revised valuations of these forestry assets in the 2013 annual report to shareholders.
Dejin has successively written down the value of these forestry assets from $300m to $40m.
The company’s 2013 annual accounts contain the auditor’s report.
See http://www.dejinresources.com/attachment/20140326230201001870289_en.pdf
Comment Self- Moderated
In 2011 court documents available in Australia show that Mr Cheung claimed that his personal assets were around AUS $50m which included shares in listed equities, ASI and other property.
On the Dejin website there is an announcement dated 2 April 2014 which states that a winding up application against Dejin has been lodged in the High Court of Hong Kong for an outstanding debt of $339m.
