Ann: Change in substantial holding, page-42

Hi East West,
I note you have been along term holder and poster.
To the question as to whether these are the same people who turned Rension around. It's not clear cut.
I would say not.
1) Peter Cook is Off the board and steering WGX.
2) Talkie Newton has called it quits.
3) Milan Jerkovic who was the impetus & 'brains' behind the Nifty purchase has blotted his copy book and is off the board.
4) Warren Hallam who was more a metallurgist then an Mining engineer has left in favour of Damien Marantelli.

Happy with al you other comment s except for Nifty being $ -300M.
A lot fo that number is part of the spend on development and some developmentt that occurred pre the MLX takeover.
that's an asset not a liability. As to whehter it can be turned around I'd say yes but heavily dependent for speed and effect on Cu price.

In actual fact I think the predators have waited for close to the point of maximum pain & best outlook before acting subject to Cu price comment.
Comparison that to the turnaround of Renison MLX effectively did that too from Bluestone.

Al INVHO.