substantial shareholder shougang entities

It seems Shougang have not sold out their ARH holdings and that everything is going ahead full steam. ARH is one very misunderstood and undervalued company. see below.
Angers

SUBSTANTIAL SHAREHOLDER – SHOUGANG ENTITIES
Australasian Resources Ltd (ARH) wishes to clarify any possible misunderstanding in relation to a Change in Substantial Shareholder Notice (Form 604) lodged by Shougang Holdings (HK) Ltd on 31 July 2007. Shougang Holdings (HK) Ltd at present, through its interests, hold 52,962,185 shares in Australasian Resources Ltd.
The requirement to lodge a Change in Substantial Shareholding is due to a change in the relevant interest of Shougang Holdings (HK) Ltd in APAC Resources. The amount of shares held by APAC Resources in ARH has not been affected by this transaction. APAC Resources issued 665,000,000 shares on July 20th 2007 and as a result, Shougang Holdings interest in APAC Resources was diluted.
The Company wishes to confirm that the development of the world class Balmoral South Iron Ore Project is on track and Shougang Entities are still fully committed to the Project.
Mr Michael Chen, Assistant Managing Director of Shougang Concord International, and his team of 12 other Shougang technical, operations and commercial employees, arrive in Perth on 14 August to work with the ARH team to further advance the Feasibility Study.
For and on behalf of Australasian Resources Ltd
Andrew Caruso
Managing Director