Ann: Quarterly Cashflow Report , page-23

Aka where do you think Timeone are set up? What are their assets? How are they structured? You don't know and neither do I...I know what I have found out and you have your business experience to base your knowledge on. ASIC didn't give a hoot about net assets, they would only accept a segregated account bond. That's it. Nothing else was acceptable.

Now I don't know what the WA Govt say about a Chinese backed BVI based company that is specically created to own a % of PLV but I imagine that when it comes to an environmental bond, they want it segregated and cash backed. That way, if things go belly up the govt is covered.

Surely this is not too hard to understand. This is an enviromental bond from a chinese bvi company...not from BHP and not from your own business dealings.

I have checked and this is the case - whether you like it or not.