PDY 0.00% 0.7¢ padbury mining limited

d&o insurance- 2013 annual report page 17, page-13

  1. hws
    613 Posts.
    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!!


 
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