Ann: SFX: $12m Cash Divestment of McCalls Project, page-16

From my research Ran Xu is a female (Ms) with little to none experience in Australian mining. Her letter to SH is disingenuous in several ways although she has now acknowledged the exchange rate was partly responsible for the cherry picked data from H12020 compared to H12021 where HMC quality was 19% weaker.

Ms Xu letter says "LB Group has no intent to pursue ownership of Image resources, either directly or via it's interest in Orient Zirconic". LB Group, OZ, MZ...prefer to not purchase IMA, but instead purchase (evidence via form 604 19/1/22) enough shares to try and ensure the section 249D is carried to install their directors to effectively control IMA Board.

Dear Ms Xu,

If you read what you wrote (LB Group has "...no intent to pursue ownership of IMA") why then is a notice of change of interests of substantial holder provided by Peizhe Eric Li (MZ Director) on 19 Jan 2022 ?