Was looking further into the Wingstar Investments insolvency...

Was looking further into the Wingstar Investments insolvency hearing and came across this which may be interest to some.

Nickelore NIO has an $8 mkt cap and appears to be moving towards backdoor listing.

Businessman hands Super Pit water deal back to council
Josh ChiatTuesday, 20 December 2016 6:16PM

The massive Super Pit in Kalgoorlie.
An arrangement that earned a company owned by a former Kalgoorlie-Boulder prospector around $750,000 from selling water owned by the City of Kalgoorlie-Boulder to Super Pit operator KCGM has ended, after the council reached a settlement to take control of the infrastructure supplying it.

Robert Gardner’s sole-owned Wingstar Investments inherited the South Kalgoorlie infrastructure that pumped effluent water from a council lagoon to KCGM in its purchase of the Cawse and Avalon nickel laterite mines from Russian giant Norilsk Nickel in 2014.

A senior council source with knowledge of the matter said they understood Wingstar’s receipts from KCGM had totalled about $750,000 since Mr Gardner’s company acquired the Norilsk assets.

The source said before the sale, Norilsk had been paying the council for the water before supplying it to the Super Pit.

The matter came to a head when the council sought a winding up order against Wingstar Investments.

Documents filed in the Supreme Court on June 15 and obtained by the Miner show the council alleged Wingstar had failed to comply with a demand made on April 19 to pay up its debts.

The case was last heard on November 30, with proceedings set to resume last week, but City of Kalgoorlie-Boulder chief executive John Walker confirmed the matter was settled two weeks ago, with the council receiving an undisclosed sum of money and the transfer of equipment from Wingstar.

KCGM confirmed to the Kalgoorlie Miner it had a contract with Wingstar to receive council’s grey water and had opened negotiations with the City of Kalgoorlie-Boulder to re-implement the provision of the water to the Super Pit.

Mr Walker said the settlement would represent a financial windfall for the council and was a positive move for the local mining industry.

A separate winding up order against Wingstar brought by Hampton Hill Station, owned by Kalgoorlie-Boulder’s famed Jones family, was settled three weeks ago.

Mr Gardner was contacted multiple times for comment.

Mr Gardner came to fame in the early 1990s as one of the finders of the 520oz Evening Star gold nugget. In 2012, he walked away with a slab of the proceeds of Dragon Mountain Mining’s $125 million sale of its Chinese assets after a capital return to shareholders.

He is also the chairman of ASX-listed explorer Nickelore, which holds substantial ground next door to Cawse in its Canegrass project.