Ann: Deed of Termination and Release , page-43

you have probably read this but the Colin Barnett comment is very amusing "spent 30 seconds considering their plan"!!!

http://www.theaustralian.com.au/business/mining-energy/padbury-mining-abandons-65bn-oakajee-port-and-rail-project/story-e6frg9df-1226901227485#

The PDY management have been conned into believing that Bleyer had the funding. Pretty stupid - should have got proper "proof of funds" documentation especially with that amount and with the obligation to tell the market something real as opposed to "fantasy land".

Now it will be interesting to see whether ASIC go after people and what they can/will do - cannot go untouched.

May be in a halt or suspended for ages.

That Mid-West project is buggered unless a serious player get's hold of it and can produce an Fe product at or under $55 per tonne FOB!!