ASIC wont - a court will. I am not sure what the arguement is. There appears to be a condition by their insurers that if they have "willingly" done something illegal then they "the insurers" are not liable. Who is going to refund the money. If a court finds them innocent - who is going to refund the money.
I hope they get the book thrown at them for stupidity if nothing else, but that is not a crime. In did a bit of money on GBG, which never really had any "material issues" until they pushed the start button.
I would have loved this to be all true, but come on, $2m IP and a very very marginal orebody with minimum Capex of $4B = $6B!!
PDY Price at posting:
0.5¢ Sentiment: None Disclosure: Not Held