no announcement, page-23

re: why corrupt if rio win? RIO paid for the lease renewal.

But the courier didn't deliver the documents to Marble Bar Mining Wardens Court in time.

RIO public claim - it is not in the public interest to award this lease to another company (CAZ) when the original holding company intended to keep the lease (easily proven by virtue of the fact they paid the renewal fees to DIR) but failed to complete all of the necessary paperwork, administrative functions etc. in time, but clearly had done the work, but were delayed inadvertantly by a third party. Thus they argue, maintaining the integrity of the mining lease system in WA.

CAZ are opportunistic claim jumpers and will lose the case. They have neither the technical or financial horsepower to move into this field. All they have been able to do is make a deal with BHPB, arch-rival to RIO, to basically sub-let the lease. The government may as well award the lease directly to BHPB and cut out the middle-man. In my view, the deal struck by CAZ with BHPB is a huge tactical mistake. Had they kept their noses clean and waited for the decision it may have been different. But now they have no chance in hell.

Sell your shares now if you have made a profit and sit back, relax and watch the implosion.