Ann: $125M Recapitalisation to fund Baralaba Expansion Project, page-32

I stand corrected, we are indeed handing it over to the Chinese. NOBLE GROUP ARE A GIANT CHINESE/SINGAPOREAN COMMODITIES TRADER.
It's being GIVEN to the CHINESE. This is not a sale but a giveaway. Management do not care as they will award themselves billions of stock options with a strike price of about 0.3 cents.
Here's the gist of how it works.
CHINESE GRAB FOR WESTERN AUSTRALIAN ORE ...

There'll be a weblink arriving here shortly naming the management and detailing the Cockatoo giveaway to the Chinese.