its over, page-85

Raging boom I don't read disclaimers but they are not particularly effective from the company's point of view and they certainly only relate at most to forward looking statements. And they don't give a license to lie or be reckless in the information management provide when marketing to investors. Your friend JB seems to think he can say whatever he wants, that's not correct, he has to tell truth. The regulators in Australia are very weak, the courts are not.

Here the resource numbers were incorrect leading to tens of millions of dollars of writedowns. They said they had at least $190m of committed facilities are various times. Only $36m have been drawn. I doubt the balance were really committed. They can explain to the courts why they "chose" not to drawn them. They stated on the web site, and updated it not many months ago, that the mines were generating $25m free cash flow. Again, that is not forward looking and not true. The also misstated their share of ownership of SA assets. They did that on a number of occasions and they only corrected the presentation under extreme pressure. They also made a number of claims about assets sales that were misleading at the least.

These are not speculations as you often claim about anything that is negative. They made these backward looking false claims in presentations and reports. This is what differentiates them from many other specs that simply opaque and exaggerated their prospects.