Ann: Change in substantial holding, page-2

so it appears that CITIC have opted out in this round of cap raising..fair enough at the end of the day.. their investment so far has gone backwards..somewhat of a protest vote from CITIC

Interesting that IVR have still not yet finalised what will have to be a more modest drill campaign.. hopefully they still have some aces in hand, especially since the silence regarding Hindmarsh is only growing louder as time passes..

The company's reluctance to discuss the issue or even mention it, makes me wonder what is really going on behind the scenes because it really does not make sense at all, to continue drilling at 75% Peterlumbo without a resolution???
Why on earth would management direct mostly retail shareholder's funds towards a project that the 25% JV partner is in breach to the tune of $3M??

IMHO, unfortunately, Peterlumbo should be delayed until resolved and the funds raised should be directed solely towards Uno and roundabout.

It's a situation i fear can only be resolved by litigation, but the sooner the better