norman mccleary new substantial holder

Hi all long suffering AXY holders

Noticed today we have a new substantial shareholder onboard a bloke called Norman McCleary. I've done abit of digging on google and come up with an old Annual Report for Arafura Resources from 2004. Link below

http://www.arafuraresources.com.au/pdfs/Arafura_AnRep04.pdf

Its looks like this norm character is the same guy who found the Arafura rare earths assets. not sure if anyone follows this stock but a quick look at the website revealed they or looking to be in production by 2011 at the flagship asset Nolans.

Also found this article about norm pegging the pamela and angela uranium tenements in the NT valued at over $2billion dollars Link below

http://news.smh.com.au/business/midnight-pegger-nt-govt-in-talks-20080605-2m69.html

i'm not sure what anyone else thinks about Norman Mccleary becoming a substantial shareholder in AXY but i can only see this as a good thing, given he obviously knows where to find quality deposits, hopefully he'll peg out some good ground for AXY and help all us long sufferers recover some loses!

Any thoughts?

PD