questions for tony, page-73

I agree that Timeone was the one that introduced SS&T as the company supplying the much coveted funds necessary to get the ball rolling with Cockatoo and start mining.

SS&T was going to fund $70 million dollars for the Cockatoo deal to proceed, but, if we are to look at the announcement of the 17th of May current, we would find out that Timeone signed a binding term sheet with us about a 50/50 JV over the mining operations of the Cockatoo Island.

But then, it was also clearly stated that, SS&T was to become a controlling shareholder of Timeone.

So, now I am confused even more. Especially when it has been made very clear that SS&T would become the controlling shareholder of Timeone.