Yes Maurice is the director placed at HGO by ARA in 2013. Link to ARA news article from 2013 below.
If only ARA did what they said needed to be done in 2013 things may have been a lot different. tens of millions of dollars have gone by the wayside since 2013. By my calculation ARA's investment in HGO was worth over $10M with an average buy in price of around 7c pre consolidation or 56c in todays money. Sitting on almost a 95% loss or shares at today's price being worth less than $500K ! While ARA are on the books I suppose the optimist in me thinks that HGO could arise from the ashes but the realist in me say's that if ARA had any plans for HGO they would have purchased IOOF's shares off market!
