re: Ann: Notification of major interests in ... The Chinese...

re: Ann: Notification of major interests in ... The Chinese NEVER bought those shares - there was one announcement about intention on 28th August 2012 and then they had to get approvals both in China and in Australia. That was the last they were ever heard of (please link to something on any website if you think you can prove me wrong) - it's clear that the transfer NEVER happened and Malony ie Tulla have had those shares (as an option) all along - clearly they are only now "fessing" up that "oh dear those shares were not aquired by the Chinese as we let everybody think" and Malony has exercised the option thus triggering the percentage rule. The Administrators Report made NO mention of the Chinese...it was a furphy from go to woah. And I do believe I've been saying that for some time now....

I do think though that the Administrator uncovering a Hydroponics companythat Maloney was a Director of that went bellyup with 12 months of him holding that position (thus putting him in a difficult position if CNGC also went bust - the possibility that he might be found unfit to be a Director under Australian Law) might have been an unexpected problem that has caused Maloney to revert to plan B - takeover Norseman gold (rather than Plan A deliberately send it belly up and buy up the assetts cheap) so I think there is some hope for PI's now - which I didn't think at the end of last year.

Time will tell - and very short time too now.